Code Hennessy & Simmons LLC Announces Sale of Suture Express, Inc.
Published: Jan 29, 2010
CHICAGO, Jan. 28 /PRNewswire/ -- Code Hennessy & Simmons LLC ("CHS") announced the sale of Suture Express, Inc., a portfolio investment of CHS Private Equity V LP and Linden LLC, to Diamond Castle Partners, a New York-based private equity firm.
CHS led the investment in Suture Express in August 2006 and partnered with Linden in a buyout from the company's founders. CHS and Linden successfully transitioned the leadership of the business and have worked closely with management to significantly grow revenue and market share as well as expand the company's customer base and product offering.
Tom Formolo, Partner at CHS, said, "It was a pleasure to work with Ed Kuklenski and the management team at Suture Express. With the company's history of growth, unique business model and best-in-class customer service levels, we are confident Suture Express will continue its track record of success and remarkable customer loyalty." Ed Lhee, Partner at CHS, stated, "Suture Express fit well with our healthcare services strategy to pursue businesses that help improve the quality and efficiency of healthcare while providing value-added services for customers."
Linden is a Chicago-based private equity firm focused exclusively on leveraged buyouts in the healthcare and life science industries. Linden's strategy is based upon three elements: i) healthcare and life science industry specialization, ii) integrated private equity and operating expertise, and iii) strategic relationships with large corporations. Linden's portfolio includes BarrierSafe Solutions International, Behavioral Centers of America, Corpak MedSystems, Drayer Physical Therapy Institute, Focused Health Solutions and Ranir. For additional information about Linden, please refer to the firm's website at www.lindenllc.com.
Code Hennessy & Simmons LLC