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BC Partners picking up Zest Dental
Posted on Friday, 09 February 2018 14:41
California-headquartered Zest Dental has piqued the interest of private equity investor BC Partners, which has agreed to buy the business from current owner Avista Capital Partners.

No financial details of the transaction have been disclosed.

Zest Dental chief executive Steve Schiess said the move will enable the company to move into the next phase of its growth trajectory, noting that under Avista’s ownership it was able to expand its product offerings.

It is not yet clear when completion of the acquisition can be expected to take place.

Zest Dental describes itself as a global leader in the design, development, manufacturing and distribution of diversified dental services.

The California-headquartered firm’s product portfolio includes brands such as Zest Anchors, Danville Materials and Perioscopy.

It has additional locations in Anaheim and Escondido.

Zest Dental is not the only manufacturer of dental equipment and supplies to have been targeted by a private equity investor recently; according to Zephyr, the M&A database published by Bureau van Dijk, six such deals have been announced worldwide since the beginning of 2017.

California-headquartered Sonendo closed a USD 50.00 million funding round led by General Atlantic and also including Fjord Ventures, OrbiMed Advisors, Meritech Capital Partners, CVF and Neomed Management in September of last year.

That was the largest private equity investment in the sector during the timeframe under review, but was followed by a USD 7.59 million Series B injection in Shanghai Smartee Dental Technology Co, led by CDBI Partners and Bioventure, with additional participation from China Orient Asset Management.

Others in the industry to have been targeted since the start of last year include Natural Dental Implants, G&H Wire Company and Young Innovations.

© Zephus Ltd