Solta Medical, Inc., has announced it has secured $40 million in financing from Capital Royalty Partners L.P.
Solta Medical, headquartered in Hayward, Calif., is a developer of products for aesthetic procedures such as skin resurfacing and rejuvenation, acne reduction, body contouring and skin tightening.
Capital Royalty Partners, headquartered in Houston, Texas, is a PE firm focused on structured financings of commercialized biopharmaceutical products and medical technologies.
Following completion of the secured debt agreement with Capital Royalty Partners, Solta Medical’s interim CEO said, in a press release, "… we have the necessary working capital to aggressively pursue our plans for 2014 to regain momentum and revenue growth."