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Young Innovations to be acquired by Linden Capital for $314 million

Posted by Z Dental Group - December 4th, 2012

Greta Weiderman
Web Editor- St. Louis Business Journal

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Chicago-based private equity organisation Linden Capital Partners has sealed a decisive agreement to acquire Earth City-based Young Innovations Inc. for $314 million, company officials announced today.

Shareholders of Young Innovations, a dental reserve manufacturer, will accept $39.50 per share in cash, representing a 12.5 percent reward to a 30-day normal shutting batch price.

Young Innovations shareholders contingency approve a deal, that is approaching to tighten in a initial entertain of 2013.

Under a terms of a partnership agreement, Young might appeal competing bids by Jan. 12, and it intends to cruise any such proposals.

“Linden has a proven record of formulating value in successful companies in health caring and life scholarship sectors and will capacitate a association to serve grow a business,” Young Innovations Chairman and CEO Alfred Brennan and President Arthur Herbst pronounced in a statement.

Upon execution of a acquisition, Young Innovations will turn a private company, unconditionally owned by an associate of Linden.

The partnership agreement also contains certain break-up fees payable to any celebration in tie with a stop of a partnership underneath certain circumstances.

Robert W. Baird Co. Inc. is behaving as financial confidant to Young Innovations. McDermott Will Emery LLP is portion as Young’s outward counsel. Kirkland Ellis LLP is portion as authorised warn to Linden.

Linden Capital Partners focuses on center marketplace leveraged buyout investments in a health caring and life scholarship industries.

In October, Linden Capital Partners acquired Northwestern Management Services LLC, a dental use government company, from The Beekman Group LLC, a private equity firm. Northwestern Management Services provides government and executive services and comforts for Gentle Dental Group, a retail-based dental services classification with 21 offices in Southeast Florida.

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