Avista Healthcare Partners (“Avista”), a leading New York-based private equity firm focused on the healthcare sector, is pleased to announce that it has successfully completed the sale of Solmetex (“Solmetex” or the “Company”).
Solmetex is a leading provider of dental products, systems and consumables, including amalgam separation, plumbing safety solutions, dental isolation technologies and regenerative biomaterials.
AGIC Capital is a global private equity firm known for creating value across its diverse portfolio companies in Europe, Asia and the United States. Terms of the transaction were not disclosed.
This transaction marks a new chapter for Solmetex and demonstrates its commitment to innovation and excellence in the dental industry. As part of the transaction, Avista has retained a minority stake in Solmetex and will continue to support its growth alongside AGIC Capital.
Sriram Venkataraman, Partner at Avista, said, “We greatly value our partnership with the Solmetex management team, which has supported Solmetex’s remarkable growth over the past four years.
Three strategic acquisitions during our partnership, including Sterisil, Dryshield and Impladent, have further enhanced Solmetex’s impressive growth trajectory.
These acquisitions have enhanced Solmetex’s product portfolio and positioned the company to continue to successfully meet the evolving needs of the dental market.”
Gene Dorff, CEO of Solmetex, said, “I am grateful for Avista’s strong support in helping Solmetex grow from the largest closed-loop dental amalgam waste compliance service provider in North America to a multi-product and water solutions provider for dentists.
Solmetex The broad product line and commitment to providing high-quality dental consumables and equipment underscores our focus on safe management of dental water pipes, infection control, and cutting-edge regenerative biomaterials. ”
“We are excited to begin this new chapter with AGIC Capital. Their industry expertise and commitment to growth align perfectly with our vision for Solmetex,” continued Mr. Dorff.
We look forward to working together to drive innovation, provide customers with superior products and services, and continue to expand our footprint in the dental industry. ”
Robert W. Baird & Co. and Houlihan Lokey served as financial advisors to Solmetex. Willkie Farr & Gallagher LLP served as legal counsel to Avista, and White & Case served as legal counsel to AGIC.
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