Richard Hope, Investor Director, ATEP commented, "We have been impressed by the company's focus in producing high quality spinal implant products and look forward to working with Ranier at this exciting time in its development".
Peter Wolfers of First Ventures commented, "We are pleased to continue our involvement with Ranier and to help the company take its family of total disc replacement products from the laboratory, through clinical study, and on into commercial markets. We look forward to seeing CAdisc's clinical benefits underpinning Ranier's commercial success."
In this investment round, Ranier were advised by specialist high technology fund raising and corporate finance advisors First Capital (London UK).
Notes to Editors
About Ranier Technology Limited
Ranier Technology, located in Cambridge, England, is a medical device developer utilising its proprietary Precision Polyurethane Manufacturing (PPM) technology to bring next generation, motion preservation spinal implants to clinical use.
About Alliance Trust Equity Partners
ATEP is a wholly owned subsidiary of Alliance Trust PLC and is focussed on the provision of private equity finance. Alliance Trust PLC, a FTSE 100 company, is an international investment and financial services group, specialising in fund management, pensions and investment services. Alliance Trust PLC is currently the UK's largest generalist investment trust company investing on a global basis across all major markets and sectors.
Richard Hope led the transaction for ATEP and joined the board of Ranier on completion of the investment.
About First Ventures
FirstVentures advises FNI Venture Capital, the venture capital fund of
the Nixdorf family, which invests in UK technology companies. FirstVentures
has a particular specialisation and interest in companies which ar
|SOURCE Ranier Technology Ltd|
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