Ropes & Gray Advises TPG Sixth Street Partners in $150 Million Growth Capital Financing to Caris Life Sciences
Ropes & Gray advised TPG Sixth Street Partners in connection with a $150 million growth capital financing in the form of senior secured debt and convertible notes to Caris Life Sciences, a leading innovator in molecular science. Caris will use the proceeds, in part, to continue development of Next Generation Profiling to analyze whole genome, whole transcriptome and the complete cancer proteome with mature clinical outcomes to deliver proprietary offerings and to help physicians and cancer patients make more precise and personalized treatment decisions. The transaction was announced on Oct. 1.
The Ropes & Gray team was led by finance partner Alyson Gal and private equity partner Jason Freedman.