New York-based private equity firm Stone-Goff Partners has sold life science financial services specialist Danforth Advisors to Avesi Partners.
Danforth’s services include strategic advice, operational accounting and financial support, financial planning and analysis, IPO preparation, post-public SEC compliance, clinical business operations management and human resources. strategic and operational.
Stone-Goff bought the company three years ago, saying it was drawn to the company’s vast experience and focused on the growing end-market of life sciences.
During the partnership with Stone-Goff, Danforth developed new service offerings, perfected its infrastructure and internal processes with new technologies, invested more in quality and people initiatives and expanded its geographic presence.
Stone-Goff Co-Founder Laurens Goff said: “The strength of the Danforth brand, vertical focus and the highest quality talent have driven and will continue to drive the growth of the company. “
Founded in 2010, Stone-Goff targets lower middle market technology-focused service companies.
AltAssets revealed last year that the company raised up to $ 36 million for its third tilt in the fundraising market.
No targets were described in an SEC document detailing the increase at the time. His predecessor also failed to disclose the amount on which he closed; however, a separate SEC filing said Fund II had at least withdrawn $ 100 million.
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