Audax completes sale of Laborie Medical Technologies

On September 16, 2016, Audax Private Equity (“Audax”), together with its co-investors and members of management of Laborie Medical Technologies (“Laborie”) completed the sale of Laborie to Patricia Industries, a subsidiary of Investor AB. Founded in 1967 and headquartered in Mississauga, Ont., Laborie is a provider of medical devices for urological, pelvic health and gastrointestinal applications. Laborie is a fully integrated medical device company with a market-leading position in urology and a rapidly growing gastroenterology business. Since being acquired by Audax in 2012, Laborie has completed 14 acquisitions to expand product lines and enter international markets. 

Audax was represented by its General Counsel, Daniel Weintraub, Deputy General Counsel, Joshua Aronson and Tax Counsel, Michael Fondo; and Jeffrey Seifman, Kevin Mausert, John Berger and Kyle Huh (corporate/M&A), Rachel Cantor and Christine Lehman (tax), Neil Hirshman and Todd Herst (intellectual property), Robert Zitko and Joseph Lifsics (employee benefits), Edward Holzwanger (employment & labour), and Roberto Miceli and Jason Fried (real estate), Brian Land and Jonathan Kidwell (Environment) of Kirkland & Ellis LLP; and John Leopold, Warren Silversmith and Barbara Sheng (corporate/M&A), Marie-Andrée Beaudry (tax), Jeffrey Brown and Ashley Piotrowski (regulatory), and Eveline Poirier and Stephanie Pasternyk (employment & labour) of Stikeman Elliott LLP.

The management team of Laborie was represented by Torkin Manes LLP with a team led by Matt Tevlin and including Andrew Wilder (corporate/M&A), Catherine Nicholson (tax) and Daniel Pugen (employment & labour).

Patricia Industries and Investor AB was represented by Goodwin with a team that included James Lee, Jae Woo Park, Joshua Holt and Jessica Jacobs (corporate/M&A); and by Blake, Cassels & Graydon LLP with a team that included Mark Adkins and Matthew Mundy (corporate/M&A), Edward Miller and Ian Caines (tax), Alice Tseng and Pei Li (health regulatory), Holly Reid and Anna Abbott (labour & employment) and Lindsay McLeod (benefits).