CITIC Capital Partners Completes Acquisition of Dental Laboratory DDS LAB
DDS President Touts New Partners' Global Capabilities, Financial Resources, and Industry Expertise
Posted on July 2, 2014
An international fund advised by CITIC Capital Partners announced on Wednesday, July 2, that the acquisition of DDS LAB, LLC has been completed.
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 more than 400
products includes crown and bridge cases, dentures, partials, implant restorations,
attachments, and orthodontic appliances. The company is headquartered in Tampa, Fla.,
and has additional distribution facilities in El Segundo, Calif., 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
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
were not disclosed.