MB Financial provided a senior credit facility and Avante Mezzanine Partners provided mezzanine debt to support Quest Products’ merger with OraHealth.
With this merger, Quest will add the OraCoat brand to its oral care products, including its flagship product, Xylimelts for Dry Mouth.
“We are proud to add OraCoat and its line of oral care products to our portfolio of category-leading brands including Clinere, Alocane and ProVent,” said Don Ryan, CEO of Quest. “We are excited to partner with OraHealth founder Jeff Haley and his team to expand the distribution of the blockbuster Xylimelt product domestically and internationally.”
Haley added, “Together, we will endeavor to increase consumer awareness of this revolutionary treatment for dry mouth and introduce innovative new products using our patent protected technology.”
Cascadia Capital advised OraHealth on the transaction, while Carney Badley Spellman provided legal representation. Reinhart Boerner Van Deuren provided legal counsel to Quest.
Avante Mezzanine Partners also participated in the equity investment. Further terms of the investment were not disclosed.
Quest Products is a consumer packaged goods company that manufactures and manages wholly-owned brands, distributes national brands, sells to retail and online stores, provides drop-ship services, and manages retail websites. It is a portfolio company of private equity firm Promus Equity Partners.