They understood our technology and business as well as anyone.
As CEO, I quickly developed a level of trust and confidence in Outcome Capital’s ability to help me navigate through a complex transaction process.
I have worked with Outcome Capital for multiple, complex transaction. They bring operational experience to the table like no other investment bankers I have ever worked with.
Every member of the Outcome team, from Managing Directors to Analysts, is passionate about what they do, and provides a unique perspective to strategy development and transactional execution. We believe this is a key aspect of Outcome’s strong record of success.
former CEOs, company founders, institutional investors, bankers, MBAs, and scientists — bringing together a diversity of outlooks, experiences, and knowledge that enable Outcome to develop creative insights and secure the best outcomes for its clients.
Dr. Ben-Joseph is a Principal and Managing Director with Outcome Capital, and co-lead of its life sciences and healthcare practice. He brings a unique combination of executive, entrepreneurial, scientific and transactional experience to Outcome Capital and is passionate about assisting cutting-edge life sciences companies in enhancing their strategic value and developing a path to successful liquidity.
Dr. Ben-Joseph also serves on the Board of Directors for life sciences companies: XableCath, a clinical stage medical device innovator developing cost-effective treatment options for peripheral and cardiovascular disease and KidneyCure, a regenerative medicine company developing novel cell-based therapies for the treatment of chronic renal disease. Before joining Outcome Capital, Dr. Ben-Joseph was Managing Director at Boston Equity Advisors, a boutique investment banking firm focusing on private equity and merger and acquisition in the therapeutic medical technology sector. Prior to that, Dr. Ben-Joseph was an Executive-in-Residence at Oxford Bioscience Partners, a life sciences venture capital firm, and CEO and co-founder of Caliber Therapeutics, a company engaged in the development of catheter-based drug delivery products for the intervention of atherosclerotic diseases. His past managerial and entrepreneurial positions also include President and CEO at Deep Vein Medical, an early stage medtech company dedicated to treating deep venous reflux in patients suffering from chronic venous insufficiency, President and CEO of X-Cell Medical, a clinical stage drug/device convergence company engaged in the development of novel stent-based anti-restenotic drugs, President of Ester Neurosciences, a clinical stage biotech company engaged in the development of novel compounds for the treatment of neurological diseases, and co-founder and CEO of Biolight Phototherapy, a company engaged in the development of laser-based medical devices for the treatment of dermatological disorders and allergies.
His academic appointments include Assistant Professor at the Departments of Radiology and Neuroscience at the University of Michigan, a Visiting Associate Professor at Tokushima University in Japan and a Visiting Scientist at Parke-Davis (Pfizer). Dr. Ben-Joseph has published numerous peer-review scientific papers as well as industry publications and has received numerous awards and scholarships.
Dr. Ben-Joseph graduated with Honors from Imperial College of Science, Technology and Medicine and received his Ph.D. from the University of Cambridge. He completed his post-doctoral training at the University of Michigan and received an MBA magna cum laude from the University of Bradford. He is a FINRA Registered Securities Representative holding a Series 7, 63 and 79 and a Registered Securities Principal, Series 24.
Since co-founding Outcome Capital, Mike has focused his efforts on providing investment banking services for companies in the information technology and business services segments of the technology market. Mike’s operational and investment experience has enabled him to provide high value assistance to clients in both the public sector and private sector markets. He has led transactions that have been capital raises as well as M&A transactions. He has been the lead on more than 40 middle market M&A transactions ranging in transaction size from $20 million to $250 million.
Mike has extensive experience with both Government and commercial IT services firms as well as application Saas software firms and security software product companies. He has a strong track record of helping companies with a national security focus. He has had operational experience in three companies in these areas. Mike has also been an investor in and served on the Board of 10 Companies in these markets and has made investments in a significant number of additional companies in these sectors. These operational, corporate oversight and investor experiences have enabled Mike to assist his investment banking clients plan and execute their strategic goals with creativity and realism.
Mr. Cromwell received his BA degree from Yale University and his JD from Georgetown University. He has a passion for photography. Mike is married with two children and lives in Great Falls, Virginia.
Arnie Freedman is a Principal and Managing Director with Outcome Capital, and co-lead of its healthcare practice. Arnie has extensive experience in private equity financings, mergers and acquisitions and preferred securities. His primary focus is in life sciences offerings, including medical devices, diagnostics and drug development. Mr. Freedman assists companies with pre-IPO and early stage financings and prepares companies for the rigor required for merger and acquisition activity.
Mr. Freedman has been involved in the management of entrepreneurial businesses for over 25 years, previously as a co-founder and principal in Boston Equity Advisors, LLC, a registered broker-dealer and boutique investment-banking firm. In this company, Mr. Freedman focused on M&A transactions, private placements of debt and equity with institutional investors from the venture capital, private equity, family-foundation and hedge fund community. He uses his knowledge of the private placement process to help clients prepare for the scrutiny of potential investors by conducting a pre-financing review of client operations and corporate structure, recommending changes, assisting management in implementing those changes and preparing documentation investors require including business plans, marketing and insurance reimbursement strategies and financial models. Arnie brings his operating expertise to bear on the advice and counsel he provides to his clients.
Prior to Boston Equity Advisors, Mr. Freedman was the founder and CEO of Rustel, a Russian/American satellite telecommunications company, where he developed an extensive connection to the European investment community. He worked closely and collaborated with investment banking advisors Deutsche Morgan Grenfell, Salomon Brothers, and Creditanstalt International Advisors.
Mr. Freedman is a graduate with honors from the University of Massachusetts. He is a FINRA Registered Securities Representative holding a Series 7, 63 and 79 and a Registered Securities Principal, Series 24.
Arnie resides in Sharon, Massachusetts with his wife.
Since co-founding Outcome Capital, Jonathan has focused his efforts on investment banking transactions for technology companies in need of M&A advice or a capital raise. He is an expert at designing corporate capital structures with the objective of increasing flexibility and/or lowering financing costs. Companies use his capital structure advice to help them achieve vital strategic objectives such as: financing an acquisition, retirement of a shareholder equity position, or raising developmental capital. He has been the lead investment banker on more than 30 M&A transactions with an aggregate value of well over $1 billion.
He has extensive industry experience in a number of sectors including application software, financial technology, Ad-tech, government services, and commercial IT services. Jonathan has served on the board of directors for eight growth stage technology companies and often applies this experience to help his investment banking clients plan for capital and liquidity events.
During his career as an investment banker, Jonathan was responsible for the placement of over $5 billion of senior debt, lease financing, subordinated debt, and equity. He has financed the capital needs of over 40 Fortune 500 companies as well as many middle market companies.
Jonathan received a BS in Commerce from the University of Virginia’s McIntire School of Commerce and his MBA with honors from the Darden School of Business. Jonathan lives in Great Falls, Virginia with his wife.
Dr. Manning is a Managing Director with Outcome Capital and manages its UK operations. He brings significant experience of the UK and European Capital markets, strong relationships within the European Life Science industry, entrepreneurial flair and a strong academic background to Outcome Capital. He is committed to enhancing the corporate and shareholder value of innovative life science companies.
Before joining Outcome Capital, Dr. Manning accrued over 25 years of international Life Sciences experience, including over 3 years as Founder and Managing Director of strategic and financial advisory firm, Akesios Associates. Shawn also spent over 12 years as a rated Equity Analyst with Dresdner Kleinwort Benson, SG-Cowen, Société Generale, and Singer Capital Markets, covering ‘Big Pharma’, speciality and emerging pharmaceutical, and biotechnology. Since 2005 Manning’s research supported over £500 million in new funding for Life Science companies. Before entering the City of London, Manning spent 5 years consulting to the pharmaceutical industry, and managing Datamonitor’s Healthcare practice. In this capacity he also worked alongside European, US and Japanese pharmaceutical companies, leading consultancy projects focusing primarily on strategic product positioning, including portfolio, opportunity and pricing analysis.
Manning holds a Doctorate degree from the University of Oxford (Hertford College), specialising in infectious disease and a BSc (Hons) and ARCS from Imperial College, London. He is a Fellow of the Royal Society of Medicine, a member of the Advisory Board for OBN, the UK’s largest Life Sciences industry network, and Chairman of OBN’s investment and tax Special Interest Group (itSIG).
Dr. Ellen S. Baron joins Outcome Capital bringing extensive experience in the private placement of securities for life science companies with deep domain expertise across multiple disciplines in pharmaceutical and biotechnology industries. Ellen is committed to the success of emerging growth companies bringing nearly 30 years of industry experience with proven deal execution and a unique access to the people, resources and markets that are vital for success. She has been involved in the raise of more than $150M of investment capital and has $2B in deals to her credit from her days in pharma and biotech.
Dr. Baron currently serves on the Board of Directors of Sixth Element Capital, a UK-based oncology focused venture capital fund and on the board of SFH, a Maine-based nutraceutical company.
Dr. Baron was most recently a Managing Director at Healthios Capital Markets, LLC, leading their firm’s biopharmaceutical practice. Prior to that she spent 9 years as Partner at Oxford Bioscience Partners, a Boston-based life science venture capital firm where she led numerous therapeutic and diagnostic investments within the $1 billion portfolio of 149 companies.
Ellen previously served as Senior Vice President, Business Development at Human Genome Sciences, a publically traded biopharmaceutical company where she was responsible for all business functions of the Company including corporate partnering, licensing and investor interface.
Ellen previously had spent 20 years at Schering-Plough Corporation in both Research and Development and Business Development. She has over 30 years of operating and investment expertise across the spectrum of the pharmaceutical and biotechnology industries, with particular emphasis in oncology, neurology, and infectious disease. Ellen holds a Ph.D. in Microbiology from Georgetown University School of Medicine and a post-doctorate at the Public Health Research Institute in New York.
Dr. Don Haut brings a broad life-science business perspective to Outcome Capital from senior executive and Board positions in Strategy, M&A, and General Management, with deep domain expertise across multiple disciplines in pharmaceutical, biotech, and medical device industries. Don is an experienced transaction professional with over $4B in deals to his credit.
Dr. Haut is also Managing Director for Haut Capital and currently serves on the Board of Directors for three health care companies: MiMecore Therapeutics, Arthrosurface, and Xiros. Prior, he was Vice President for New Business Ventures at The Medicines Company, where he was responsible for leading that company’s deal to license Alnylam’s PCSK9 inhibitor. Previously, he was the Senior Vice President for Strategy and Business Development at Smith and Nephew’s Advanced Surgical Devices Division, where he was responsible for all strategy development, M&A and licensing activities, and also built and ran Smith & Nephew’s Women’s Health business. Dr. Haut also previously held similar roles at 3M, JSB Partners and McKinsey and Company.
Don obtained his MBA at Washington University’s Olin School of Business, his PhD in Molecular Biology at the University of Missouri-Columbia, and his undergraduate degree at the College of Wooster.
Jim McCabe joined Outcome Capital in 2006, and has focused on leading transactions for companies in the technology and services sectors. He has worked with a broad range of clients to engage in M&A transaction, recapitalization and growth capital raises, in addition to supporting the efforts of Outcome Capital’s investment funds. Prior to joining Outcome Capital, Jim worked at Lafarge SA, a multinational construction materials firm, in the corporate finance and acquisitions group for North America. Jim previously spent time pursuing leveraged buyout opportunities with Kasten Group, LLC in the St. Louis area, and engaging in restructuring and M&A transactions with Seneca Financial Group, a boutique investment bank in Greenwich, CT.
Jim received his MBA with honors from the University of Chicago’s Graduate School of Business and a BS in Commerce from the University of Virginia’s McIntire School of Commerce. He resides in Virginia with his wife and four children.
Eilon S. Amir is a Vice President at Outcome Capital and brings a unique combination of strategic and transactional expertise with over 15 years of experience in corporate strategy and finance, merger and acquisitions and business development in innovative life sciences companies.
Prior to joining Outcome Capital, Mr. Amir was a Director of Business Development/M&A at Merck/EMD Millipore where he worked on divisional transactions in collaboration with the Corporate Group M&A and Business Units. Prior to Merck/EMD Millipore, Mr. Amir was a Director of Corporate Development/M&A at Perkin Elmer where he was responsible for executing M&A and business development strategies for life science tools, analytics, and diagnostics.
Mr. Amir also held several positions in the investment banking industry including Senior Associate at Citigroup Corporate Finance/ Investment Banking focusing on technology companies and Associate at American Capital pursuing leveraged buyouts and private equity investments. Prior to American Capital, Mr. Amir spent four years with in the Merchant Banking and Commercial Finance Group at GE Capital. While at GE Capital, Mr. Eilon also participated in a joint venture between GE Capital and The Goldman Sachs Group, Inc.
He received his BA in Finance and Marketing from University of Wisconsin-Madison and Executive MBA degree from the Hebrew University in Jerusalem. He resides in Massachusetts with his wife and three children.
Craig is the Vice President of Life Sciences at Outcome Capital and brings corporate and commercial expertise in the diagnostic and life science space. A business leader with extensive global experience in the life sciences and healthcare industries, Craig has held various executive positions from start-up companies through large, well-established international corporations. His success building commercially viable and sustainable enterprises has lead to the completion of several successful acquisitions over the past several years including Caliper Life Sciences, HandyLab and BioHelix. In addition to his role as Vice President of Life Sciences at Outcome Capital, Craig also serves as a strategic advisor for bluDiagnostics, an early stage technology company based in Madison, WI. Craig also volunteers with mentoring activities for Women in Biotech and as an advisor to Springboard Enterprises.
Craig’s scientific background and business experience spans sales, marketing, business development, licensing, strategic partnerships and operations. His key successes include developing and launching new businesses at Fisher Healthcare, HandyLab, Becton Dickinson and Caliper Life Sciences within the diagnostic market space. Craig’s knowledge of the diagnostic and life science tools markets has allowed him to develop markets across the globe and leverage strategic partnerships to further market expansion for many of his clients.
Craig holds a Bachelor of Science from the University of Wisconsin – Madison and a Master of Science from Yale University. He resides in New Hampshire with his wife Krista and son Ben.
Thom joined Outcome Capital in May 2015 as an Analyst. Prior to this, Thom pursued his passion for the public and non-profit sectors by serving in multiple roles including Youth Development Program Director at the YMCA Cape Cod and English and History Teacher at the Southeast Alternative School.
Subsequently, Thom accepted a full academic scholarship to Suffolk University’s Sawyer Business School in Boston, where he completed his MBA. During this time Thom was elected President of the Suffolk University Graduate Business Association and served as class speaker for graduation.
Thom has held a Massachusetts Teaching License and graduated cum laude with a BS from Suffolk’s Honor’s Program. Committed to giving back, Thom now serves as Board Member and Vice President of the Suffolk University College of Arts & Sciences Alumni Board of Directors and Advisor on the Sawyer Business School’s Young Alumni Board of Advisors.
Thom resides in Medford, MA.
Matt joined Outcome Capital in April 2016 as an Analyst. Prior to this, Matt worked as a financial technology consultant for Charles River Development. There, he managed software deployment projects for major Mexican and US asset managers, closed sales of software products and service agreements to said institutional investors, and drove the development and design of a portfolio management-focused spreadsheet product and Excel competitor.
He also held a position as a strategy consultant for Orion Consultants, where he conducted market research for investment banking, capital markets, and research professionals at major fixed income and FX dealers. Within this role, he focused on improving communication of transactions and issuances from investment bankers to institutional investors as well as fixed income research quality. He also worked as an investment analyst for Tiemann Investment Advisors, where he modeled the performance of equity and debt assets using fundamental and regression analysis.
Matt graduated with a Bachelor of Arts in Economics from Yale University, where he served as Treasurer of the Yale chapter of the Alpha Epsilon Pi fraternity. He enjoys performing classical and jazz piano and vocal music, basketball, and running.
Stephen Kelly joined Outcome Capital in June 2015 as an Analyst. Prior to joining our team, Stephen worked as a Finance Intern for Preferred Sands, a producer of raw inputs and technologies used in Oil and Gas production. There, he supported the Financial Operations of the firm by monitoring, analyzing and reporting the company’s performance metrics. He also assisted with the logistical challenges facing the firm, by optimizing the use of the company’s rail fleet in the transportation of Frack Sand.
Stephen received a Bachelor of Science in Commerce from the University of Virginia’s McIntire School of Commerce. He concentrated in Finance, and completed the school’s Real Estate track. Stephen also worked as a Resident Advisor during his time at UVA. He enjoys playing basketball and tennis and also manages his personal stock portfolio.
Alessandro Miranda-Paratore joined Outcome Capital in 2015 as an Analyst. Prior to joining Outcome Capital, Alessandro interned at INTL FCStone Securities Inc., a New York-based investment bank specializing in cross-border M&A advisory. There, he supported buy-side and sell-side M&A engagements across multiple industry groups, including Technology and Agribusiness. Prior to this, he interned at Ernst & Young’s Valuation and Business Modeling group within the Company’s Transaction Advisory Services division. In this role, he supported transparent, robust and accurate valuations for corporate strategies and transactions.
Alessandro received a Bachelor of Science in Finance with honors from the Robert H. Smith School of Business at the University of Maryland.
Alessandro resides in the Washington D.C. metro area.
Vikki Birkett joined Outcome Capital as Controller in August of 2016, bringing experience from the non-profit as well as for-profit arenas. She comes to Outcome Capital from an accrediting agency where she performed financial reviews and determined the financial viability of post-secondary schools and universities seeking accreditation. Earlier, as Controller of the Workhouse Arts Center, Vikki administered all things financial on a 55-acre campus offering performing arts, education, and art exhibition and sales. Vikki was formerly the Executive Director of the Maryland State USBC.
Vikki holds a BS in Business Management from the University of Maryland. She and her son Weston reside in Alexandria, Virginia, where she served as Vice Chair of Finance for the Alexandria Chamber of Commerce. She remains active in local political, civic and business associations.
Patrick “Pat” Dewar founded The Trenton Group, LLC after 34 years of experience in the international aerospace, defense and security industry. As an expert in international industrial and government relations, Mr. Dewar advises customers and company boards on global business strategy, technology and product investment, government relations / partnering and counter-trade arrangements that benefit both government and industry. Mr. Dewar and his partners have created and grown business around the globe, worked at the highest levels of government and industry, as well as academia.
Mr. Dewar was the first Executive Vice President of Lockheed Martin International, Chairman of Lockheed Martin Global and a corporate officer from 2010 until his retirement. Lockheed Martin International works with customers worldwide to deliver products, technologies and services – including aircraft, integrated air and missile defense, commercial satellites and cybersecurity – to meet clients’ national security and citizen services needs.
From July 2013, Pat was responsible for Lockheed Martin’s global operations, developing and executing strategies aimed at growing business, investing in and acquiring companies, and strengthening international customer relationships and industrial partnerships in 70 countries. He led key country strategies for seven growth markets and oversaw the highest growth elements within the organization. During his tenure, LM International added more than 1,000 jobs, achieved or surpassed all financial goals and surpassed market growth rates.
Mr. Dewar has been a board member on the US-India Business Council, the US-UAE Business Council, the UAE-based Global Aerospace Summit board, and the British-American Business Advisory Board.
With over three decades of international business experience, Pat served in senior executive roles at Lockheed Martin, including as Senior Vice President of Corporate Strategy and Business Development (which included Corporate Development for M&A activity), where he led the corporation to a record backlog in 2011 and 2012 with more than $80 billion in firm orders. In 2009, as Vice President of Corporate International Business Development, he transformed the leadership of Lockheed Martin U.K., and through acquisitions, he helmed Lockheed Martin Australia Ltd., growing it to more than 600 employees and doubling sales. Pat’s other roles at Lockheed Martin have included Vice President of US Presidential Helicopter Program and Vice President of Business Development for its Electronic Systems division. He also has served as Chairman of Boards of Directors for LM U.K. Holdings Ltd.; LM Australia Pty. Ltd.; and all international subsidiary Boards.
He began his career in 1982 as a Missile Guidance Engineer on the Trident II FBM Program for GE. From 1984 to 1987, he served as Project Engineer in the Micro Tel Division of Adams Russell, where he designed electronics and software in support of advanced surveillance receivers for U.S. intelligence agencies. In 1988, he worked as Chief Engineer of the Hypervelocity Interceptor Program at GE Aerospace before being promoted to Program Manager of Interceptor Programs in 1992.
Pat is a fellow of the Royal Aeronautical Society and has published papers with the Institute of Electrical and Electronic Engineering, the American Institute for Aeronautics and Astronautics and the Precision Strike Weapon Symposium. He holds a B.S. in Engineering from Swarthmore College and an M.S. in Electrical Engineering from Drexel University. He currently lives in Potomac Falls, Virginia.