Avista Capital Partners said that it is looking to buy Zest Anchors from current owner The Jordan Company. No financial terms were disclosed by both companies. The financial advisors of the Escondido, California based company Zest Anchors were Barclays and Sagent Advisors, while the financial advisor of Avista was Deutsche Bank.
Avista's Partner Sriram Venkataraman commented regarding the transaction, "The technological differentiation and brand power of Zest's core LOCATOR portfolio provide a strong foundation for growth. Zest is well positioned to continue delivering valuable innovation to the dental community. Steve Schiess and the Zest team have created a market leading business, and we look forward to working together to drive the next phase of the Company's growth."
Chief executive officer of Zest Anchors Steve Schiess said the their firm is continuing to improve the lives of edentulous clients with ther existing portfolio.
The legal counsel to the transaction was Weil, Gotshal and Manges LLP.
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