Ropes & Gray Advises Avista Healthcare Partners on Acquisition of Terrats Medical

Ropes & Gray has advised Avista Healthcare Partners – a leading healthcare-focused private equity firm – on its acquisition of  Terrats Medical, a leading global provider of dental prosthetics, including abutments and implants, from Miura Partners. As part of the transaction, Terrats' founders have reinvested in the company and will continue to lead the business. Miura has also re-invested in the Company and will continue to support Terrats in the next phase of its growth.

Founded in 1947 and headquartered in Barcelona, Spain, Terrats manufactures and markets a wide variety of high-quality, high-value dental prosthetics, including abutments, implants, and related products. Terrats' abutments are compatible with the leading implant systems sold by dental OEMs, allowing dentists and laboratories to leverage the high-quality products across multiple implant platforms. The company's customers include dental offices, labs, and distributors, as well as dental implant OEMs, who purchase the Company's products on a private-label basis.  Terrats sells into over 50 countries and exports account for over 95% of revenue.

Avista Healthcare Partners is a leading New York-based private equity firm with over $8 billion invested in more than 45 growth-oriented healthcare businesses globally.  It will support Terrats as it enters a new phase of international growth, reinforcing its market presence in the US, as well as expanding in other international markets and capitalising on new opportunities for inorganic growth.

The Ropes & Gray team was led by private equity transactions partner Helen Croke and counsel Laura Kayani, with associates Padraic Daly, Rouzana Kasem, William Allen and trainee Katherine Fielding, alongside partner Alex Robb and associates Jake Bennett, Adjoa Kwarteng, Edward Olsen and Chad Parkinson (finance) and partner Sam Levitt and associates Jesse Ruth and Roya Tabibi (private equity transactions).  Other members of the team included partners Brenda Coleman and Leo Arnaboldi and associate Omar Asfar (tax); associate Vincenzo Volpe (antitrust); and partner Jordan Altman (IP transactions).

Uría Menéndez also advised Avista Healthcare Partners alongside Ropes & Gray. Their team was led by corporate partner Blanca Arlabán, with partner Carlos Duran (tax) and associates Carlos Anchel and Diana Nicorescu (corporate).