On Dec. 9, 2019, Kramer Levin client Paine Schwartz Partners (Paine Schwartz), a global leader in sustainable food chain investment, announced that it has established an Animal Health & Nutrition investment platform, AH&N Holdco Inc. (AH&N), with a strategic investment through its Paine Schwartz Food Chain Fund IV in Warburton Technology Limited, a leading producer of trace-mineral injections for cattle. The AH&N platform builds on MS Biotech Holdings Inc. (MS Biotech), a company in which Paine Schwartz initially invested in October 2018. The financing of the transaction was composed of debt financing provided by The Prudential Insurance Company of America and Prudential Annuities Life Assurance Corporation and equity financing from funds and co-investment vehicles managed by Paine Schwartz and equity holders of MS Biotech.