Shearman & Sterling advised CITIC Capital Partners in the acquisition of DDS LAB (“DDS”). CITIC Capital Partners partnered with Blue Sea Capital and DDS’s management team to acquire DDS. The financial terms of the transaction were not disclosed.
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. The company is headquartered in Tampa, Florida, and has additional distribution facilities in El Segundo, California, and Dallas, Texas.
CITIC Capital Partners, the private equity arm of CITIC Capital Holdings Limited, operates in China, the United States and Japan, and currently manages USD2.6 billion of committed capital on behalf of over 50 international investors.