CITIC acquires US-based dental laboratory DDS


dentalChinese private equity firm CITIC Capital Partners has bought Florida-based full-service dental laboratory DDS LAB.

DDS sells custom dental prosthetic appliances to dental service organizations, mid-size group practices and sole practitioner dentists across the US.

The company’s products include crown and bridge cases, dentures, partials, implant restorations, attachments and orthodontic appliances.

CITIC bought the business in partnership with Blue Sea Capital and DDS’ management team.

The investment was made from the firm’s Capital International Partners III fund.

Last month CITIC and Jack Ma’s Yunfeng Capital joined forces to make a $320m investment in Chinese dairy producer Inner Mongolia Yili.

The two firms will hold 60 per cent of Inner Mongolia Yili Livestock Development, according to an AVCJ report.

Copyright © 2014 AltAssets