Avista Capital Partners’ Acquisition of Solmetex


Ropes & Gray advised Solmetex, while Kirkland & Ellis LLP advised Avista on the deal.

Solmetex, a portfolio company of AVALT and Gemini Investors, completed its sale to Avista Capital Partners. Solmetex is the industry’s leading provider of amalgam separators and other waste compliance products to the U.S. and Canadian dental industries. The transaction was announced on Dec. 17.

Avalt is a family office that invests only its own principals’ capital in high quality companies that have significant long-term potential. Avista Capital is a leading New York-based private equity firm with over $6 billion invested in more than 35 growth-oriented healthcare businesses globally.

Gemini Investors is a Massachusetts-based investor in smaller middle market private companies which has invested in excess of $650 million in more than 150 platform companies since its founding in 1993.

The Ropes & Gray team that advised Solmetex was led by private equity partner Charles Boer (Picture), and included private equity associate Spencer Haught, private equity partner Newcomb Stillwell (all of Boston), debt finance partner Alex Zeltser (New York), tax partner Pamela Glazier, benefits partner Jennifer Rikoski, labor and employment partner Jennifer Cormier, and litigation & enforcement partner Daniel McCaughey (all of Boston).

The Kirkland team advising Avista was led by transactional partners Dvir Oren, Jai Agrawal and Payson Lyman and associates Shneur Wolvovsky and Ellie Song, along with tax partner David Grenker and associate Mohammed Jaljule.

Involved fees earner: Jai Agrawal – Kirkland & Ellis; David Grenker – Kirkland & Ellis; Mohammed Jaljule – Kirkland & Ellis; Payson Lyman – Kirkland & Ellis; Dvir Oren – Kirkland & Ellis; Shneur Wolvovsky – Kirkland & Ellis; Charles Boer – Ropes & Gray; Jennifer Cormier – Ropes & Gray; Pamela Glazier – Ropes & Gray; Spencer Haught – Ropes & Gray; Daniel McCaughey – Ropes & Gray; Jennifer Rikoski – Ropes & Gray; Newcomb Stillwell – Ropes & Gray; Alex Zeltser – Ropes & Gray;

Law Firms: Kirkland & Ellis; Ropes & Gray;

Clients: Avista Capital Partners; Solmetex;

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Author: Ambrogio Visconti