Deal Details

StatLab Is Acquired By Audax and Linden

Healthcare

StatLab, a portfolio company of Cressey, acquisition by Audax and Linden

Summary

StatLab Medical Products (“StatLab” or the “Company”), a portfolio company of Cressey & Company (“Cressey”), was acquired by Audax Private Equity (“Audax”) and Linden Capital Partners (“Linden”). Terms of the transaction were not disclosed.

Baird served as the exclusive financial advisor to StatLab Medical Products on this transaction.

About

StatLab is leading the way in the development and manufacture of high-quality histology, cytology and immunohistochemistry diagnostic products. The Company partners with anatomic pathology, molecular diagnostics, and other laboratories to provide over 5,000 diagnostic products and equipment, delivered with expert support. StatLab is headquartered in McKinney, Texas.

Based in Chicago, Illinois and Nashville, Tennessee, Cressey & Company is a private investment firm focused on building leading healthcare provider, service and information technology businesses. With a history spanning more than 35 years, the Cressey & Company team is one of the most experienced and successful in the healthcare private equity field. Cressey is headquartered in Chicago, Illinois.

Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $27 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $6 billion in more than 135 platforms and over 900 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 250 employees and over 100 investment professionals, the firm is a leading capital partner for North American middle market companies. Audax is headquartered in Boston, Massachusetts.

Linden is a private equity firm focused exclusively on the healthcare industry. Founded in 2004, Linden is one of the country’s largest dedicated healthcare private equity firms. Linden’s strategy is based upon three elements: (i) healthcare specialization, (ii) integrated private equity and operating expertise, and (iii) its differentiated human capital program. Linden invests in middle market platforms in the medical products, specialty distribution, pharmaceutical, and services segments of healthcare. Since its founding, Linden has invested more than $2 billion in healthcare companies and has raised nearly $3 billion of commitments, augmented by capital provided by the firm’s limited partners for larger transactions. Linden is headquartered in Chicago, Illinois.

Healthcare

StatLab, a portfolio company of Cressey, acquisition by Audax and Linden