Goldsmith Agio Helms Announces The Sale Of Its Client, MicroDental Laboratories, A Portfolio Company Of Riverside Partners

Minneapolis, MN - Goldsmith Agio Helms is pleased to announce the sale of its client, MicroDental Laboratories ("MicroDental" or the "Company"), a portfolio company of Boston-based Riverside Partners ("Riverside Partners"), to DTI Dental Technologies, Inc. ("DTI"), a portfolio company of HEALTHPOINTCAPITAL PARTNERS II, L.P. ("HEALTHPOINTCAPITAL"). MicroDental is the premier laboratory for cosmetic dentistry in the United States.

HIGHLIGHTS FROM THE TRANSACTION

Founded in 1964, MicroDental has developed strong relationships with the nation's most prominent cosmetic dentists and is renowned for supplying award-winning, custom-manufactured restorative, reconstructive and cosmetic dental products such as crowns, bridges, veneers, implants, and dentures. MicroDental operates from three state-of-the-art facilities in Dublin, California, Salt Lake City, Utah, and Las Vegas, Nevada and maintains a laboratory at The Las Vegas Institute for Advanced Dental Studies in Las Vegas, Nevada.

Multiple potential acquirers expressed strong interest in MicroDental, which has built premier brands such as Micro Advanced Ceramics and MACVENEERS, an industry-leading line of highly aesthetic veneers. DTI, which operates 16 dental laboratories in Canada and the United States, was chosen in large part because of its experience in the dental laboratory industry and its shared vision of the future of cosmetic dentistry.

"The dental market represents one of the fastest growing sectors in the medical technology industry," stated John H. Foster, Chairman of the Board of DTI and Chairman and Managing Director of HealthpointCapital. "The dental laboratory industry is a primary beneficiary of the public's increasing interest in and willingness to pay for improved dental function and aesthetics. We were particularly attracted to MicroDental because of its strong brand, the depth of its management team and staff, and the relationships it has built through unparalleled service to cosmetically-oriented dentists. The combination of Micro and DTI will create significant value because of its increased ability to utilize the latest in technology and provide continuing education to its technicians and dentists, while maintaining the service levels our clients expect."

"We are proud to have partnered with the management team and technical staff at MicroDental and are excited about the prospects for the combined MicroDental and DTI operations." said Steven F. Kaplan, Chairman of the Board of MicroDental and a General Partner with Riverside Partners LLC. He added "under Riverside's ownership the Company grew organically through the introduction of new innovative products as well as through the add-on acquisitions of Sunrise Dental Ceramics in 2002 and Becden Dental Laboratories in 2006."

Fred Walke, President of MicroDental, stated, "Our management team is excited about the opportunity to join with DTI. As the third largest company in the industry, and the leading provider to the cosmetic dentistry market, we will be able to bring even more value to our customers."

James M. Frommelt, a managing director at Goldsmith Agio Helms, commented, "The acquisition of MicroDental is another example of Goldsmith Agio Helms' growing healthcare practice. Goldsmith Agio Helms continues to build on its ideal combination of healthcare experience and deal-making expertise."

"DTI's acquisition of MicroDental instantly transforms DTI into the premier player in cosmetic dentistry," said Steven R. Tipler, a vice president at Goldsmith Agio Helms. "MicroDental features a very talented management team and provides an extremely attractive platform for future growth. We firmly believe this will be an outstanding business combination."

SOURCE: Goldsmith Agio Helms