Private equity firm Carlyle Group has bought a majority stake in German dental CAD/CAM software provider Exocad.
The pending sale is expected to close in the third quarter of 2016, according to Carlyle Group. Financial terms of the transaction were not disclosed.
Exocad was spun off from the Fraunhofer Institute for Computer Graphics Research IGD in 2010. Fraunhofer-Gesellschaft is completely selling its stake in the company, but the founders will still hold significant shares.