
Founded in 1976 and headquartered in McKinney, Texas, StatLab is a leading manufacturer and distributor of consumables, reagents, and equipment used by anatomic pathology, molecular diagnostics, and other laboratories.Linden Capital Partners is a Chicago-based private equity firm focused exclusively on the healthcare industry. Audax Private Equity ("Audax") and Linden Capital Partners ("Linden"), two leading middle-market private equity firms, announced today the acquisition of StatLab Medical Products ("StatLab" or the "Company"). In 2013, the company expanded its product portfolio with Blocksworld, a lighthearted build-and-play. Founded in 1999, Linden Lab is best known as the creator of Second Life, the largest-ever 3D virtual world filled entirely by the creations of its users. Phone Number 1 (415)243-9000. Contact Email contactlindenlab.com.
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In May 2007, Linden Lab acquired Windward Mark Interactive, a small game development.Joe Bernardo, Operating Partner at Linden, has been appointed Executive Chairman of StatLab and will join the Board of Directors. As a Talent Advisor, he has supported his clients to scale up their teams from scratch or build talent capabilities.Philip Rosedale, chairman of Linden Lab, accepted the award. Kushagra has been associated with talent acquisition industry for 14 years where he has been hiring on skills of Product Development & Engineering, Business Analytics, Biz Research, Consulting and Financial Research.

Golub Capital provided debt financing for the transaction.StatLab Medical Products is leading the way in development and manufacturing of high-quality histology, cytology and immunohistochemistry diagnostic products. Served as financial advisor to StatLab. Dan Eckert will remain on the Board.Ropes & Gray LLP and Kirkland & Ellis LLP served as legal advisors to Audax and Linden, and Cain Brothers, a division of KeyBanc Capital Markets, served as exclusive financial advisor. The Company is now well positioned to continue to grow both organically and through strategic acquisitions."In addition to Joe Bernardo and Michael Karsonovich, Gary Knight, Operating Advisor to Audax and former VP of Strategy & Corporate Development at VWR, Brian Miller of Linden and Keith Palumbo of Audax will join StatLab’s Board of Directors.

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 invests in middle market platforms in the medical products, specialty distribution, pharmaceutical, and services segments of healthcare. 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. Founded in 2004, Linden is one of the country’s largest dedicated healthcare private equity firms. For more information, visit the Audax Group website About Linden Capital PartnersLinden Capital Partners is a Chicago-based private equity firm focused exclusively on the healthcare industry.
