Apollo Backs Dental Firm vVardis at $1 Billion-Plus Value

Apollo Global Management Inc. has invested in vVardis Holding AG, a Swiss dental firm founded by sisters Haley and Goly Abivardi.

The investment values vVardis at $1 billion-plus, according to a statement Monday that confirmed a Bloomberg News report. The Abivardi sisters, who serve as co-chief executive officers, will retain an approximately 70% stake in the company, people familiar with the matter said.

vVardis has carved out a niche in the dental industry with a treatment that addresses early stage cavities without the need for drilling. The transaction positions the company as one of a small group of closely ...