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Pender Growth Fund And Pender Private Investments Announce Proposed Acquisition Of A Portfolio Company

PRIVATESep 09, 2021

Acquiring Company

Pender Growth Fund

Acquired Company

Laza Medical

VancouverVancouverCampbellFinancial ServicesFinanceVenture CapitalAngel InvestmentFinancial ServicesFinanceBiotechnologySoftwareHealth CareArtificial IntelligenceMedicalMedical DeviceMachine LearningHealth Diagnostics

Description

Pender Growth Fund Inc. ("Pender" or the "Company") and Pender Private Investments Inc. ("PPI") are pleased to report that one of PPI's portfolio companies, Redlen Technologies Inc. ("Redlen"), has reached an agreement to be acquired by Canon Inc. (the "Proposed Acquisition").

Quick answer

Pender Growth Fund and Pender Private Investments are acquiring Laza Medical, announced September 9, 2021. Pender Growth Fund is based in Vancouver, Washington, United States.

How much did Pender Growth Fund pay for Laza Medical?
The deal value was not disclosed.
What does Pender Growth Fund do?
The Company’s objective is to achieve long-term capital appreciation for its investors.
Where are Pender Growth Fund and Laza Medical based?
Pender Growth Fund is based in Vancouver, Washington, United States. Laza Medical is based in Campbell, California, United States.

Source: Fundz verified event record.

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Company Information

Company

Pender Growth Fund

Location

Vancouver, Washington, United States

About

The Company’s objective is to achieve long-term capital appreciation for its investors. The Company utilizes its small capital base and long-term horizon to invest in unique situations; primarily small cap, special situations, and illiquid public and private companies. The Company trades on the TSX Venture Exchange under the symbol "PTF". Please visit www.pendergrowthfund.com.

Company

Pender Private Investments

Location

Vancouver, British Columbia, Canada

About

Pender Private Investments is an investment entity with a portfolio of technology companies that was acquired by Pender through the acquisition of another venture capital fund.

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Frequently asked

Who acquired Laza Medical?

Laza Medical was acquired by Pender Growth Fund, based in Vancouver. The deal was reported on September 9, 2021. The Company’s objective is to achieve long-term capital appreciation for its investors. Pender Growth Fund is privately held and operates in Financial Services.

When did Pender Growth Fund acquire Laza Medical?

Pender Growth Fund's acquisition of Laza Medical was reported on September 9, 2021. Pender Growth Fund Inc. ("Pender" or the "Company") and Pender Private Investments Inc. ("PPI") are pleased to report that one of PPI's portfolio companies, Redlen Technologies Inc. ("Redlen"), has reached an agreement to be acquired by Canon Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Laza Medical do?

Laza Medical is a privately held portfolio company of Shifamed, LLC., a highly specialized medical innovation hub founded by serial entrepreneur, Amr Salahieh. It is privately held, operating in Biotechnology, and is based in Campbell.

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