European private-equity firm Nordic Capital (“Nordic”) has agreed to acquire two dental business from Hesira Group Ltd (“Hesira”), a portfolio company of Oaktree Capital. The businesses being sold are Adent Cliniques Dentaires Group SA (“Adent”, Switzerland) and Top Mondzorg BV (“Dental Clinics”, Netherlands).
At the time of the sale, the two businesses owned over 100 clinics (22 clinics in Switzerland, 88 clinics in the Netherlands). Nordic intends to continue increasing the size and coverage of the group by combining the businesses with two German dental practice operators it has agreed to acquire in a separate transaction.
John Greenland, Laura Yell and Pippa Knowles advised management on their investment in the new structure and assisted in negotiating a competitive equity incentive plan.
