Spanish investment firm Miura Private Equity has closed an investment agreement with Terrats Medical, which designs and produces of dental implants and abutments under DESS Dental Smart Solutions brand.
Financial terms have not been disclosed.
“The partnership with Miura sets a news stage of growth and consolidation that will reinforce our position as high-end medical and dental company,” said chief executive Roger Terrats.
“In addition, they provide stability and a higher magnitude to our business, which has been ongoing for the last 70 years thanks to our committed entrepreneurship, responsibility, and customer care. Values that Miura endorses altogether.”
Terrats Medical is family owned business with more than 70 years of history currently led by the third generation and headquartered at Barcelona. The company is one of the best players in high tech abutments, dental implant related products and medical devices as well as engineering, production and certification of their products, with a strong presence in international markets such as the US, Europe (Germany, France and the Nordic countries) and Asia, thanks to a wide network of partners in distribution, research centres and dental clinics.
DESS is present in more than 35 countries and sells abroad more than 90% of its total revenue.
Miura will support the management team in its consolidation and international growth plans.
The transaction was advised by PwC, KPMG and Gómez-Acebo y Pombo.