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Linden Capital Partners completes acquisition of Alcresta Therapeutics, Inc. to bolster its healthcare industry portfolio

Mar 12, 2024•almost 2 years ago

Acquiring Company

Linden Capital Partners

Acquired Company

Alcresta Therapeutics

ChicagoNewtonPrivate Equity FundSoftwareTherapeuticsBiotechnologyHealth Care

Description

Linden Capital Partners, a Chicago-based private equity firm specializing in the healthcare industry, has successfully acquired Alcresta Therapeutics, Inc. from Athyrium Capital, Bessemer Venture Partners, Frazier Healthcare Partners, and HealthQuest Capital. This strategic acquisition will further strengthen Linden's position in the healthcare industry and support the growth and commercialization of novel enzyme-based products for patients with gastrointestinal disorders and rare diseases.

Company Information

Company

Linden Capital Partners

Location

Chicago, Illinois, United States

About

Linden Capital Partners is a Chicago-based 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 in over 40 healthcare companies encompassing over 200 total transactions. The firm has raised over $6 billion in limited partner commitments since inception. For more information, please visit www.lindenllc.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed