Linden Capital Partners Acquires Avalign Technologies; Harvest Partners SCF Invests to Support Transaction

Linden Capital Partners Acquires Alcresta Therapeutics

March 12, 2024

Medical Devices

Chicago-based private equity firm Linden Capital Partners has completed its acquisition of Alcresta Therapeutics from a group led by Athyrium Capital, with Bessemer Venture Partners, Frazier Healthcare Partners and HealthQuest Capital also selling (HealthQuest reinvested as a minority shareholder). Linden will work with Alcresta's management and a newly assembled board to support the commercial launch of the next-generation RELiZORB device and accelerate R&D and growth.

Warburg Pincus and FTV Capital Invest in A-LIGN

August 12, 2021

Cybersecurity

Warburg Pincus made a strategic growth investment in A-LIGN, a Tampa-based provider of cybersecurity compliance services and the developer of the A-SCEND SaaS platform, alongside existing investor FTV Capital. The funding will be used to accelerate product innovation in A-SCEND, expand services and the company’s global footprint, and support hiring and growth initiatives; terms were not disclosed.

Avalign Technologies Acquires Slice Manufacturing Studios

January 4, 2021

Medical Devices

Avalign Technologies, a Linden Capital Partners–backed orthopedics manufacturer based in Bannockburn, Illinois, has completed the acquisition of the assets of Slice Manufacturing Studios, a contract manufacturer of medical devices based in Akron, Ohio. The deal brings Slice's metal additive manufacturing, high-tolerance subtractive machining, and sterile packaging capabilities into Avalign's platform to expand its additive and advanced manufacturing offerings for hip, spine and knee implant markets.

Linden Capital Partners Acquires Collagen Matrix, Inc.

August 1, 2019

Medical Devices

Linden Capital Partners, a Chicago-based healthcare private equity firm, has acquired Collagen Matrix, Inc., a New Jersey-based developer and manufacturer of collagen-based medical products used in tissue and bone repair across orthopedic, sports medicine, dental, and neurosurgery markets. The transaction (financing provided by Golub Capital and Northwestern Mutual) supports Linden's focus on medical products, contract/private-label manufacturing and expansion in dental and orthopedic end markets; Metalmark Capital was the prior owner.

Avalign Technologies Acquires Integrated Medical Solutions

May 28, 2019

Medical Devices

Avalign Technologies, a Bannockburn, Illinois-based precision medical device manufacturer, has acquired Integrated Medical Solutions (IMS), a contract manufacturer of machined metal implants based in Mentor, Ohio. The acquisition expands Avalign's manufacturing capabilities and product offerings in spine, sports medicine, trauma, and extremities implants as an add-on to its platform (PE-backed by Linden Capital Partners).

Harvest Partners SCF Invests in Advancing Eyecare

February 15, 2019

Medical Devices

Harvest Partners SCF, LP led a non-control growth investment in Advancing Eyecare Holdings, Inc., the Atlantic Street Capital-backed ophthalmic instrument distributor formed from Lombart Instrument and Marco Ophthalmic. Proceeds were used to fund the strategic merger; Atlantic Street Capital remains the majority shareholder and HP SCF gained board representation. Terms were not disclosed.