Harvest Partners SCF, LP Announces Investment in Avalign Technologies, Inc.
Harvest Partners SCF, LP (“HP SCF”), the non-control private equity strategy of Harvest Partners, LP, announced today it has made an investment in Avalign Technologies, Inc. (“Avalign”). Proceeds from HP SCF’s investment were used to support the acquisition of Avalign by Linden Capital Partners (“Linden”).
Based in Bannockburn, Illinois, Avalign is a leading full-service manufacturer and distributor of implants, specialty surgical instruments, cutting tools, and cases and trays to the orthopedic and acute care end markets. The Company offers its OEM partners a broad portfolio of manufacturing solutions and extensive engineering design, development, and project management capabilities from concept to launch.
Sean Murphy, Partner & Co-Head of HP SCF, said, “We are excited to participate in this investment opportunity and value the partnership with Linden, a premier healthcare investor. Avalign is a proven leader in the orthopedic contract manufacturing sector. We look forward to supporting the Company’s continued organic growth and additional M&A-driven value creation.”