Buyout (LBO, MBO, MBI) • Medical Products

Audax Private Equity and Linden Capital Partners Acquire GCX

On September 20, 2021, private equity firms Audax Private Equity and Linden Capital Partners acquired medical products company GCX

Acquisition Context
  • This is Audax Private Equity’s 9th and Linden Capital Partners’ 10th transaction in the Medical Products sector.
  • This is Audax Private Equity’s 140th and Linden Capital Partners’ 41st transaction in the United States.
  • This is Audax Private Equity’s 12th and Linden Capital Partners’ 5th transaction in California.

Explore All 542 Buyout (LBO, MBO, MBI) Medical Products Deals - Search the Database Free


M&A Deal Summary

Date September 20, 2021
Target GCX
Sector Medical Products
Buyer(s) Audax Private Equity
Linden Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) William Blair (Financial)
Orrick (Legal)

Target Company

GCX

Petaluma, California, United States
GCX is a global designer and manufacturer of healthcare-focused mounting and mobility solutions with offices in North America, Europe, Japan, and Taiwan. Its products include wall mounts, roll stands, carts, and mounting accessories used in clinical and hospital environments and supplied to medical device OEMs and healthcare providers. GCX was founded in 1971 and is based in Petaluma, California.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyers Overview 2

Buyer

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


Deal Context for Buyer #
Overall 145 of 170
Sector: Medical Products 9 of 9
Type: Buyout (LBO, MBO, MBI) 43 of 46
State: California 12 of 14
Country: United States 140 of 161
Year: 2021 9 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-23 Covercraft

Pauls Valley, Oklahoma, United States

Covercraft is a manufacturer of custom-patterned vehicle covers, with a library that includes more than 80,000 distinct automotive patterns. Additional product lines include custom front and rear seat protectors, front-end masks, dashboard covers, floor mats, window heat shields, and pet protection products, among others. Covercraft was founded in 1965 and is based in Pauls Valley, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-28 Stout

Chicago, Illinois, United States

Stout is a global investment bank and advisory firm specializing in corporate finance, transaction advisory, valuation, financial disputes, claims, and investigations. Stout is based in Chicago, Illinois.

Buy -
Buyer

Linden Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Linden LLC is a private equity firm that invests in businesses involved in the healthcare and life science sectors. However, the firm also executes any size private equity transaction between $10 million to $2 billion through the firm's alliance with Madison Dearborn Partners. Linden is not a venture capital investor. The firm specializes in investments in non-core businesses owned by large corporations, as well as traditional management buyouts of independent companies. Linden LLC was formed in 2004 and is based in Chicago, Illinois.


Deal Context for Buyer #
Overall 41 of 50
Sector: Medical Products 10 of 10
Type: Buyout (LBO, MBO, MBI) 13 of 13
State: California 5 of 5
Country: United States 41 of 48
Year: 2021 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-16 RQM+

Monroeville, Pennsylvania, United States

RQM+ is a regulatory and quality consulting firm focused on medical devices, diagnostics, and related products. It provides regulatory strategy, quality systems support, clinical trial and lab services, and reimbursement guidance to help companies navigate compliance and bring products through development to market and post-market stages. RQM+ was founded in 2008 and is based in Monroeville, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-28 Formulated Solutions

Largo, Florida, United States

Formulated Solutions specializes in innovating, formulating, and packaging solutions for pharmaceutical, cosmetic, personal healthcare, and specialty chemical applications. Formulated Solutions was founded in 1999 and is based in Largo, Florida.

Buy -