Avista Capital Partners is buying Zest Anchors Inc. from the Jordan Co.
Zest, headquartered in Escondido, Calif., designs and manufactures dental implants under the Locator brand. Terms of the deal were not disclosed.
Private equity firm Avista , headquartered in New York, invests in energy, health care, communications, industrial and consumer companies. The firm has about $5 billion in assets under management. In April, Avista offered $253 million for Telular Corp., which provides wireless monitoring and tracking services for security systems. In November, the firm sold Anthony International, which makes commercial glass refrigerator and freezer doors, to Dover Corp. (NYSE: DOV).
Founded in 1982, New York-based Jordan has more than $5 billion in assets under management. In May, Heico Corp. (NYSE: HEI.A, HEI) announced it would buy Reinhold Holdings Inc. from Jordan.
Barclays plc and Sagent Advisors acted as Zest’s financial advisers, while Mayer Brown LLP provided legal advice. Deutsche Bank provided Avista with legal advice and acquisition financing, while Weil Gotshal & Manges LLP acted as legal counsel.