Flexan Sold to ILC Dover

Healthcare

Flexan, a portfolio company of Linden, acquisition by ILC Dover, a portfolio company of New Mountain Capital


Summary

Flexan, LLC (“Flexan” or the “Company”), a portfolio company of Linden Capital Partners ("Linden"), recently announced an agreement to be acquired by ILC Dover LP (“ILC Dover”), a portfolio company of New Mountain Capital. The transaction is expected to close by August 2021 subject to various regulatory approvals and customary closing conditions. Terms of the transaction were not disclosed.

Baird served as the exclusive financial advisor to Flexan, LLC on this transaction.

About

Flexan is a full-service leading contract design and manufacturing organization specializing in high-precision silicone, rubber, and thermoplastic components for the medical device industry. Founded in 1946, Flexan serves many of the world’s most respected medical device companies who value Flexan’s exceptional track-record, commitment to quality, and superior execution. By partnering with ILC Dover, the combined company will have the ability to leverage their respective expertise and capabilities to serve a broader client base situated in both medical device and biopharmaceutical end markets. The Company is headquartered in Lincolnshire, Illinois.

Linden Capital Partners 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. Since its founding, Linden has invested more than $2.5 billion in healthcare companies. Linden is headquartered in Chicago, Illinois.

ILC Dover is a world-leader in the innovative design and production of engineered flexible protective solutions for pharmaceutical and biopharmaceutical, flood protection, personal protection, bulk packaging, and aerospace industries. ILC Dover is headquartered in Newark, Delaware.

New Mountain Capital is an investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. New Mountain Capita currently manages private equity, public equity, and credit funds with over $33 billion in assets under management. New Mountain Capital is headquartered in New York, New York.
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Healthcare

Flexan, a portfolio company of Linden, acquisition by ILC Dover, a portfolio company of New Mountain Capital

Date
July 2021
Company
Flexan, LLC
Transaction
M&A - Sellside
Sectors
Healthcare
Verticals
Medical Technology
Target Geography
North America
Acquiror Geography
North America

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