NEW YORK–(BUSINESS WIRE)–White Oak Healthcare Finance, LLC (“White Oak”) today announced it acted as sole lender and administrative agent of a senior credit facility to support the acquisition of Parnell Pharmaceuticals Holdings, Ltd. (“Parnell”) by DW Healthcare Partners (“DWHP”). Parnell is an Australian based developer, manufacturer and marketer of animal health pharmaceutical products for customers in the US and internationally.
“Animal health spend is steadily growing across the world driven by the need for effective controls to limit the spread of disease among animals, the pursuit of improved productivity yields via ethical and healthy means, and pet and livestock owners’ inelastic spend on animal healthcare,” said Ross Eldridge, EVP and Chief Originations Officer at White Oak. “We are very supportive of this growing market that has such a…