Nazca Capital, the Spanish mid-market private equity house, has acquired a majority stake in dental business Phibo.

Nazca has taken a 55 per cent stake in the company as part of a €12m capital increase. Previous owners the García Sabán will retain 40 per cent.

Phibo offers implantology products, CAD-CAM prosthesis manufacturing and other services related to the digitalisation of the dental sector. Last year it had turnover of €32.5m and Ebitda of €6.2m.

Phibo sells its products in more than 25 countries. It employs 275 people across factories in Barcelona and Colombia.

Nazca is investing from its €275m Nazca IV fund.

Deloitte, Garrigues and PwC advised Nazca. KPMG and Baker & McKenzie advised the vendors.