Pava Partners has advised EMZ Partners on the acquisition of the majority in imes-icore Holding GmbH (“imes-icore” or “the Company”). Founder and CEO Christoph Stark, CFO/COO Christian Müller, and further members of the management team remain significant shareholders.

Established in 2002 by Christoph Stark and Hugo Isert, imes-icore is a leading provider of CNC-CAD/CAM systems for the dental industry. The Germany-based Company, headquarters in Eiterfeld, designs, develops, and manufactures dental milling systems and offers a comprehensive portfolio of aftersales services, including materials, tools, milling services, and competence and service centers.

imes-icore employs 274 people with locations in Germany, the US, and Southeast Asia. With a global reach via a vast distributor network, the Company serves all dental market customer segments such as dentists, clinics, dental laboratories, and milling centers, with a holistic product portfolio. imes-icore is known globally for its best-in-class product offering and adherence to the highest quality standards.

”We are delighted to acquire imes-icore together with the CEO Christoph Stark, CFO/COO Christian Müller, and the further management team. As a leading developer of dental milling systems with a strong positioning in both the labside and digital dentistry segment, imes-icore is well-positioned to continue its sustainable growth path. We are a key believer in affordable, high-quality healthcare and fully identify ourselves with imes-icore’s mission to enable their clients to provide best-in-class dentures efficiently. As partners of the management team and all stakeholders of imes-icore, we will actively support the growth plans of the Company“, says Klaus Maurer, Senior Partner at EMZ.

Christoph Stark, founder and CEO of imes-icore, adds: ”With EMZ Partners as new majority shareholder, we gain a strong partner who fully shares our vision and growth plans for imes-icore.”

Klaus Maurer concludes about Pava Partners: “Another successful collaboration with the Pava MedTech team. Added value is delivered here!”.

The closing of the transaction is still subject to approval by the relevant antitrust authorities. The parties have agreed not to disclose the financial details.


EMZ is a leading European investment firm with offices in Paris and Munich. The firm focuses on small-to-medium-sized companies and offers flexible capital solutions in strong partnership with founders, family shareholders, and managers. EMZ is majority-owned by its own employees and has a base of European institutional investors. The current fund has a volume of more than 1.3 billion euros, and its investment size ranges from 10 to 200 million euros.

More information at:


imes-icore is one of the global market leaders for digital dental CAD/CAM manufacturing systems with locations in Germany, the USA and South East Asia. The company designs, develops and manufactures dental milling systems, which are accompanied by a broad portfolio of after-sales services. imes-icore’s products and services are characterized by continuous innovation and are known for their precision and advanced technology. The company is managed by founder and CEO Christoph Stark and CFO/COO Christian Müller.

More information at: 


Ardian is one of the world’s leading independent investment companies, managing over US$110 billion in assets for its investors in Europe, South and North America and Asia. The company is majority-owned by its employees and generates sustainable, attractive returns for its investors.

With the aim of achieving positive results for all stakeholders, Ardian’s activities support individuals, companies and economies worldwide. Ardian’s investment philosophy is based on the three guiding principles of excellence, loyalty and entrepreneurship.

The company has a global network with more than 700 employees and 15 offices in Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), South America (Santiago de Chile), North America (New York and San Francisco) and Asia (Beijing, Seoul, Singapore and Tokyo). Ardian manages the assets of its more than 1,000 investors in five investment areas: Direct Funds, Funds of Funds, Infrastructure, Private Debt and Real Estate.

EMZ Logo
imes-icore Logo
Ardian Logo
EMZ Partners

Acquisition of imes-icore,

a portfolio company of Ardian

Financial Advisor for EMZ