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Blue Sea Capital and CITIC Capital Announce Sale of DDS Lab

Blue Sea Capital LLC (“Blue Sea”) and CITIC Capital Partners, the private equity arm of CITIC Capital Holdings Limited (“CITIC Capital”) announced today the sale of its investment in DDS Lab, LLC (“DDS Lab” or the “Company”) to RoundTable Healthcare Partners. The transaction represents the culmination of a successful long-term partnership with DDS Lab’s management team, led by Mr. Bart Doedens, Chief Executive Officer, whose team will continue to lead the company going forward. Financial terms of the transaction were not disclosed.

Based in Tampa, Florida, DDS Lab is a leading high-growth global dental laboratory providing a comprehensive line of fixed crown and bridge, removable, implant and orthodontic products to over eleven thousand dentists across the United States.

“DDS Lab’s consistent long-term growth and market share gains reflect a best-in-class offering to its customers combining top-quality craftmanship, industry-leading manufacturing technologies and dedicated customer service,” said J.R. Davis, Managing Partner at Blue Sea. “We are pleased to have supported further advancement of this offering during our partnership, including approximately doubling the number of DDS Lab team members to 1,200 today.”

Hans Allegaert, Managing Director at CITIC Capital, added “We are proud to have supported DDS Lab’s management team over the last few years. Through investments in the Company’s organization and digital capabilities, the team did a phenomenal job driving robust organic growth and solidifying its position in the market. We have thoroughly enjoyed working alongside the DDS Lab team and wish them all the best going forward.”

DDS Lab’s CEO Mr. Deodens commented, “On behalf of the management team at DDS Lab, we’d like to thank CITIC Capital and Blue Sea Capital. They have been great partners and supportive of the investments made to transform and grow the business.”

Moelis & Company LLC and Houlihan Lokey Capital Inc. served as financial advisers and Paul Hastings LLP served as legal counsel for the transaction.

About CITIC Capital
Founded in 2002, CITIC Capital Holdings Limited is an alternative investment management and advisory company. The firm manages over $35 billion of capital across 90 funds and investment products through its multiple asset class platform covering private equity, real estate, structured investment & finance and asset management. CITIC Capital has over 150 portfolio companies that span 11 sectors and employ over 800,000 people around the world.

CITIC Capital’s private equity arm, CITIC Capital Partners, focuses on control buyout opportunities globally and has completed over 79 investments since inception across China, Japan, U.S., Europe, etc. CITIC Capital Partners currently manages $7.6 billion of committed capital. For more information, please visit www.citiccapital.com.

Blue Sea Capital is a private equity firm based in West Palm Beach, Florida that invests in growth-oriented lower middle market companies valued up to $250 million. The firm has over $750 million in assets under management and invests across three industry verticals: aerospace & defense, healthcare and industrial growth. Blue Sea Capital’s strategy is to partner with talented managers and differentiated companies, typically as the first or second institutional investor, and deliver strategic and operational value-add that drives growth acceleration, industry outperformance and business transformation. For more information, please visit www.blueseacapital.com.

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