EQT Expansion Capital I provides mezzanine financing for the acquisition of PaloDEx. The company was acquired by funds advised by Altor Equity Partners.
PaloDEx is a leading manufacturer of analogue and digital dental imaging equipment, both for extra-oral (“panoramic”) and intra-oral (“single tooth”) applications. It also produces computed radiography “CR” systems for indirect digital image capture and supplies image management software. The company is based in Tuusula, Finland and had approximately 360 employees and sales of € 58 million in 2004.