M&A Deal Summary

AGIC Capital Acquires Solmetex

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

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

M&A Deal Summary

Date 2025-03-19
Target Solmetex
Sector Medical Products
Buyer(s) AGIC Capital
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. The company’s NXT Hg5 Series of Amalgam Separators and recycling program, which treat 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) 1

Buyer

AGIC Capital

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) 4 of 4
Type (Secondary Buyout) 7 of 7
State (Massachusetts) 1 of 1
Country (United States) 2 of 2
Year (2025) 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 -

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) 6 of 6
Type (Secondary Buyout) 5 of 5
State (Massachusetts) 2 of 2
Country (United States) 25 of 25
Year (2025) 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 -