Written by Dentistry Today Monday, 14 July 2014 15:26
DDS is a leading National Board Certified full-service dental laboratory that sells custom dental prosthetic appliances to dental service organizations, mid-size group practices and sole practitioner dentists across the United States. DDS’ comprehensive offering of over 400 products includes crown and bridge cases, dentures, partials, implant restorations, attachments and orthodontic appliances. The Company is headquartered in Tampa, Florida, and has additional distribution facilities in El Segundo, California, and Dallas, Texas.
CITIC Capital Partners has partnered with Blue Sea Capital and DDS’ management team to acquire the business. The acquisition is sponsored by CITIC Capital International Partners III, L.P, the third international fund of CITIC Capital Partners.
“This partnership represents an important milestone in DDS’ future growth plan,” said Amy CERESA, President of DDS LAB, LLC. “We are excited to be partnering with CITIC Capital Partners and Blue Sea Capital, who bring global capabilities, financial resources and industry expertise that will help us continue to expand the business and better serve our customers.”
Hanxi ZHAO, Managing Director of CITIC Capital Partners, said: “We are delighted to partner with DDS’ talented management team and Blue Sea Capital to deliver best-in-class products and services to its existing and future customers, and to capitalize upon the increasing trend toward better dental care globally. Amy and her team have done a tremendous job in growing DDS and we are committed to assisting DDS in accelerating its next stage of growth.”
Moelis & Company served as exclusive financial advisor to DDS. Terms of the transaction are not disclosed.