Collagen Matrix, Inc. Completes Transaction with Metalmark Capital

Oakland-based Collagen Matrix, Inc., provider of products and technology used in tissue repair and regeneration, today announced the completion of a majority investment by Metalmark Capital, a New York-based private equity firm. Metalmark’s investment in Collagen Matrix will provide the resources, expertise and capital needed to continue to grow the business. As part of the transaction, Collagen Matrix’s management team, including founder, Dr. Shu-Tung Li, will remain with the company. Financial terms were not disclosed.

“We are excited about this opportunity to partner with Metalmark Capital,” said Dr. Shu-Tung Li, Founder, President and CEO of Collagen Matrix, Inc. “Over the past 17 years, Collagen Matrix has grown into a leading medical technology company with innovation at the heart of our work. Metalmark’s partnership brings a strong knowledge of the sector as well as access to additional capital and resources that will advance the next chapter of our growth and expand our leadership role in tissue repair and regeneration.”

“Under the leadership of Dr. Shu-Tung Li, Collagen Matrix has become an industry leader that designs, develops, manufactures and markets high quality collagen- and mineral-based products, all of which are delivered through exemplary customer service,” said Fazle Husain, Managing Director at Metalmark Capital. “We look forward to partnering with the Collagen Matrix management team to support the company in raising its existing business and proprietary technology to a higher level of world-class leadership. This investment broadens Metalmark’s presence in medical devices and strengthens our portfolio in healthcare, an important growth area for the firm.”

Founded in 1997, Collagen Matrix has expanded beyond the sales of its first product, a collagen membrane used in oral surgery, to include the sales of over 30 medical devices in more than forty countries worldwide. The company’s proprietary technology is protected by numerous patents that speak to successful expansion of sales growth across the healthcare sectors of Oral/Maxillofacial surgery, Neurosurgery and Orthopaedic/Spine surgery.  Recent worldwide launches of new products such as OssiMendTM Bone Graft Matrix, DuraMatrix-OnlayTMConformable Collagen Dura Substitute Membrane, and a new family of products for oral surgery have increased Collagen Matrix’s product portfolio and led to an expansion to a world-class 28,000-square-foot manufacturing facility that will continue to serve as the company’s corporate headquarters. Additionally, Collagen Matrix has successfully achieved many marketing, private label and distribution agreements with medical device industry leaders, to benefit consumers on a global scale.

Financial and Legal Advisors

RBC Capital Markets, LLC acted as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Collagen Matrix, Inc. on the transaction.

Ropes & Gray LLP acted as legal advisor to Metalmark Capital.

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