M&A Deal Summary

AGIC Capital and GTCR Acquire Solmetex

On March 19, 2025, private equity firms AGIC Capital and GTCR acquired medical products company Solmetex from Avista Healthcare Partners

Acquisition Highlights
  • This is AGIC Capital’s 4th and GTCR’s 6th transaction in the Medical Products sector.
  • This is AGIC Capital’s 2nd and GTCR’s 143rd transaction in the United States.
  • This is AGIC Capital’s 1st and GTCR’s 2nd transaction in Massachusetts.

M&A Deal Summary

Date 2025-03-19
Target Solmetex
Sector Medical Products
Buyer(s) AGIC Capital
GTCR
Sellers(s) Avista Healthcare Partners
Deal Type Secondary Buyout
Advisor(s) Baird
Houlihan Lokey (Financial)

Target

Solmetex

Marlborough, Massachusetts, United States
Solmetex provides dental amalgam separator devices and amalgam recycling services to the dental industry. Solmetex’s NXT Hg5 Series of Amalgam Separators and recycling program, which treats dental wastewater, is highly regarded as the best solution for regulatory compliance. Solmetex was founded in 1994 and is based in Northborough, Massachusetts.

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Buyer(S) 2

Buyer

AGIC Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2015
PE ASSETS 2.2B USD
Size Large
Type Sector Focused
DESCRIPTION

AGIC Capital (aka Asia Germany Industrial Promotion Capital) is a private equity group focused on industrial and medical technology investments in Europe. The Firm's specific areas of interest include (1) intelligent production, (2) high-end systems and components, (3) advanced materials, (4) medical equipment, and (5) environmental protection technologies. AGIC Capital was formed in 2015 and has offices in Shanghai, Hong Kong, Beijing, London, and Munich.


DEAL STATS #
Overall 13 of 13
Sector: Medical Products M&A 4 of 4
Type: Secondary Buyout M&A Deals 7 of 7
State: Massachusetts M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-29 Farsound Aviation

Brentwood, United Kingdom

Farsound Aviation is an aerospace parts distributor focusing on C-Class, B-Class, and other fast-moving consumable parts to the aerospace sector. Alongside long-term sourcing agreements, Farsound also provides value-added services such as kitting and customer consignment. Farsound Aviation was founded in 1986 and is based in Brentwood, United Kingdom.

Sell -
Buyer

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 148 of 157
Sector: Medical Products M&A 6 of 6
Type: Secondary Buyout M&A Deals 36 of 40
State: Massachusetts M&A 2 of 4
Country: United States M&A 143 of 148
Year: 2025 M&A 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-13 Winged Keel

New York, New York, United States

Winged Keel is an independent life insurance brokerage firm that specializes in the structuring and long-term administration of large life insurance portfolios for ultra-affluent families. It specializes in the structuring and administration of large blocks of Traditional Life Insurance and large portfolios of Private Placement Life Insurance and Annuities. Winged Keel was formed in 1989 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-17 Worldpay

Cincinnati, Ohio, United States

Worldpay is a provider of payment acceptance services that offers a broad suite of payment processing services that enable its clients to meet their payment processing needs through a single provider, including in omnichannel environments that span point-of-sale, e-commerce, and mobile devices. Worldpay was established in 2009 and is based in Cincinnati, Ohio.

Sell $24.3B

Seller(S) 1

SELLER

Avista Healthcare Partners

New York, New York, United States

Category Private Equity Firm
Founded 2005
PE ASSETS 8.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Avista Capital Partners is a private investment firm formed by a group of professionals with roots from DLJ Merchant Banking Partners. Avista makes controlling and minority investments in US based energy, healthcare, and media companies with revenues greater than $25 million. Typical transactions include leverage buyouts, build-ups, and growth capital financings. Avista Capital was formed in 2005 and is based in New York City with an additional office in Houston, Texas.


DEAL STATS #
Overall 31 of 31
Sector: Medical Products M&A 6 of 6
Type: Secondary Buyout M&A Deals 5 of 5
State: Massachusetts M&A 2 of 2
Country: United States M&A 25 of 25
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-07 Trillium Health Care Products

Brockville, Ontario, Canada

Trillium Health Care Products is a manufacturer of branded and private label personal care products (primarily bar soap), prescription drugs and over-the-counter pharmaceutical products. Trillium Health Care Products was founded in 1993 and is based in Brockville, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-04 EBI

United States

EBI is a provider of electrobiology innovations, offering the largest and most robust portfolio of clinically proven implantable and non-invasive bone growth stimulation solutions.

Buy -