Following the deal, Richard Bisson will remain CEO and a “significant” investor in Water Pik.
The company’s products include water flossers, a sonic toothbrush and dental products.
GE Capital and Macquarie Bank arranged the funding for the deal.
MidOcean managing director Robert Sharp said, “MidOcean has followed the success of Water Pik for a number of years, and we are very excited to be partnering with a company that is truly an innovative leader within the health and wellness categories it serves.
Additionally, CEO Richard Bisson and his team have an impressive record of growing the business into the market leader it is today. We look forward to working with this talented team in continuing to serve Water Pik’s loyal customers.
Earlier this year MidOcean and Public Sector Pension Investment Board withdrew their $18.25 per share offer for aerospace and industrial components maker EDAC Technologies Corporation.
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