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Back to blog September 09, 2021 No Comments Author: Andy Jones

Private Equity Investing in Dental Companies

Private equity acquisitions of Dental companies have accelerated in recent years as PE firms employ an industry roll-up strategy in this traditionally fragmented space.

The Private Equity Info Research Database shows 175 platform portfolio companies held by private equity firms in the Dental space. These companies are collectively held by 159 private equity firms.

  • COVID-19 impact nearly halved the number of dental acquisitions in 2020 compared to 2019, but this is consistent with private equity acquisitions in general in 2020.
  • 2021 PE acquisitions of Dental companies seems on pace with 2019.

Private Equity Firms with 2+ Portfolio Holdings in the Dental Companies

  1. L Catterton (Greenwhich, CT, US)
  2. Bregal Sagemount (NewYork, NY, US)
  3. Firmament Group (NewYork, NY, US)
  4. Jacobs Holding (Zürich, CH)
  5. PNC Riverarch Capital (Pittsburgh, PA, US)
  6. BC Partners (London, UK)
  7. Level Equity (NewYork, NY, US)
  8. August Equity (London, UK)
  9. Villhard Growth Partners (St.Louis, MO, US)
  10. Triton (London, UK)
  11. Evolution Capital Partners (Cleveland, OH, US)
  12. HealthEdge Investment Partners (Tampa, FL, US)

Although Dental companies include a diverse range of businesses, we noticed some grouping of the private equity acquisitions in the Dental space: Dental Support Organizations, Dental Products Manufacturing, Dental Software and Dental Laboratories.

The following sections provide sample transactions for each category.

Dental Support Organizations

June 2021 – T32 Dental invested in EDBI (Singapore, Singapore), a Dental group focused on the full spectrum of Dental disciplines, Dental support services and Dental management services.

April 2021 – Healy Capital Partners invested in  Kirkpatrick Dental Group (Knoxville, TN, US), a Dental Support Organization (DSO) platform that offers a range of services, including fillings, cleanings, restorative implants, surgeries, and cosmetic services such as teeth whitening.

January 2020 – Keystone Capital invested in Foundation Dental Partners (Alpharetta, GA, US), a Dental support organization which was founded with the goal of providing doctor-owners with a unique, dentist-friendly Partnership alternative. Foundation provides a range of administrative and support services to multiple Dental practices with a primary focus on the Southeastern U.S.

Dental Products Manufacturing

March 2020 – Fidelium Partners invested in SRL Dental (Ludwigdshafen, GA, US), a manufacturer and distributor of gypsum-based products and special alloys for Dental and medical technology applications.

January 2020 – Caymus Equity Partnerss invested in Pan-Am Dental (Savannah, GA, US), a full-service, outsourced Dental laboratory that manufactures and distributes high-quality custom Dental products such as crowns, implants and sleep appliances.

December 2019 – Unison Capital invested in Medit (Seoul, South Korea), a dental use 3D scanner developer and manufacturer.

Dental Software

January 2020 – Marlin Equity Partners invested in Revenue Well Systems (Chicago, IL, US), a provider of cloud-based dental software.

August 2019 –  Level Equity invested in Planet DDS (Newport Beach, CA, US), serves dentists with web-based dental practice management software.

May 2019 –  Level Equity invested in Legwork (Wenatchee, WA, US), an all-in-one patient engagement software, website, and marketing service for dental practices.

Dental Laboratories

July 2021 – LaurelCrest Partners invested in Oral Design (Montreal, Quebec, Canada), a dental laboratory focused on delivering high-end dental products, including crowns, bridges, veneers, and implants.

February 2021 – RoundTable Healthcare Partners invested in DDS Lab (Tampa, FL, US), a global dental Laboratory providing a comprehensive line of fixed crown and bridge, removable, implant and orthodontic products.

October 2020 – Cerberus Capital Management invested in National Dentex Labs (Palm Beach Gardens, FL, US), a network of fully-owned dental Labs providing superior restorative dentistry solutions.

Private Equity Transactions

Watch 1-minute demos on how to quickly find transactions of interest in our M&A Research Database.