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Tuesday, Oct 29th

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Diamond Castle Acquires Suture Express


Diamond Castle Partners is a New York based equity firm which bought Suture Express Inc. Suture Express is a distributor of disposable medical and surgical products. Linden LLC and CHS Private Equity LP are the investment arms of Code Hennessy & Simmons LLC. They are a group of investors who exited the company after an ownership of more than three years.

These PE investors had initially bought the company from its founders and have made great contributions in expanding the company’s product offerings and customer base. The joint private equity ownership team helped improve the customer base of Suture Express and its product offerings alike.

Diamond Castle Partners have bought the disposable medical products company, Suture Express Inc. Diamond Castle Partners has made investments across various fields including entertainment, Internet and technology, advertising and media, manufacturing and food services industries.

The investment arm Linden had had investments in healthcare, medical services and technology companies in the US. Tom Formolo, partner at CHS, worked on the company and the deal for the PE Firm, who is a partner with CHS while William Blair worked with the advisory services to Suture Express and Kirkland & Ellis helped with the legal advice.

Suture Express has an impressive history of growth, business model and customer service levels which make it fit well with the healthcare services strategy of Diamond Castle to help it improve the quality and efficiency of services for their customers.

CHS is a Chicago based PE firm that specializes in private equity investments and recapitalizations of companies looking for mergers and acquisitions and Linden focuses exclusively on leveraged buyouts in healthcare and life science industries.