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Scale Finance Closes Sale of ProductiveGap to Tribridge, Inc. – Charlotte

Mr. Gary Hayes and Mr. Dave Gilroy, Managing Directors of Scale Finance LLC, announce the successful closings of two major growth equity investments (F-Origin, Inc. and Adhezion Biomedical, LLC) and a technology M&A transaction (sale of Productive Gap Corp. to Tribridge, Inc). With all three clients, Scale Finance professionals have provided CFO/Controller services and exclusive transaction advisory support. All three deals have closed in the last several weeks:

  • F-Origin. F-Origin (www.f-origin.com) has closed a growth equity financing of $5.0 million led by Prime View International, a Taiwan-based manufacturer of best-in-class thin-film transistor liquidcrystal display (TFT-LCD) products, and Keynote Ventures. F-Origin is the leading provider of innovative touch-screen, motion control, and UI technologies that enable OEMs/ODMs to rapidly and cost-effectively develop intelligent interface solutions for mobile and fixed display devices. Gary Hayes has served as contract CFO for F-Origin since early 2007.
  • Adhezion Biomedical. Adhezion (www.adhezion.com) has closed a growth equity financing of $3.2 million led by Originate Ventures a leading venture capital firm based in Pennsylvania. Adhezion Biomedical is a provider of cyanoacrylate-based medical adhesive, wound care and microbial barrier products for connective tissue (human skin). The 2-octyl cyanoacrylate-based formulations are developed and produced in its FDA-approved facility, located in Hudson, NC. Scale Finance professionals have provided Controller service and financial/transaction advisory support for Adhezion, formerly known as Spartan Medical, since mid 2007.
  • Productive Gap Corp. Sale to Tribridge, Inc. Productive Gap (www.productivegap.com), a Microsoft Dynamics CRM Solutions, products and services company based in Austin, Texas, has been acquired by Tribridge, Inc., a nationally recognized Microsoft consulting firm that implements, secures and supports business applications (recently named Microsoft Dynamic US Partner of the Year). Scale Finance professionals have provided CFO and Controller services for Productive Gap in addition to M&A advisory support since late 2006. Financial terms were not disclosed.

*Transactions closed by current Scale Finance professionals under GrowthFinance LLC banner