Linden LLC, a Chicago-based private investment firm that specialises in middle market leveraged buyouts in the healthcare and life sciences industries, has hired Anthony Kesman to join the firm as an operating partner, Linden said in a statement.
Kesman’s arrival at Linden comes after the firm closed its debut fund at $200 million, the statement said. The fund’s commitments came from university endowments, foundations and fund of funds. The target for the fund was $150 million, the statement said.
Linden invests in leveraged buyouts. The firm targets the animal health, medical products and disposables, laboratory equipment and consumables, diagnostics and oral health services. It’s portfolio companies include Ranir, a Grand Rapids, Michigan-based provider of consumer oral care products like toothbrushes, floss and tooth whiteners, and Suture Express, a Lenexa, Kansas-based distributor of suture products.
After the fund’s $150 million second close in June, Linden bought Deerfield, Illinois-based Focused Health Solutions, a provider of disease management services, for an undisclosed amount.