Nordic Capital snaps up and merges three European dental clinic chains


European buyout firm Nordic Capital has acquired and merged three dental clinic chains.

The investment house bought up Top Mondzorg BV from the Netherlands, Adent Cliniques Dentaires Groupe from Switzerland and DPH Dental, which is based in Germany. The firm bought Adent from Oaktree Capital.

The firm will now expand and scale the group in the European dental markets and develop more technology.

Through the acquisitions, Nordic hopes to establish a leading dental group to capitalise on a “fragmented” market, according to Nordic partner Jonas Agnblad.

He added, “Through these acquisitions Nordic Capital will establish a leader in the European dental services markets with best in class operational capabilities and a strong track record of organic and acquisitive growth.

“We look forward to working together with management to continue to grow the Group in its existing markets in the Netherlands, Switzerland, Germany, and beyond.”

The vehicle used to complete the acquisitions has not been revealed, but the firm last raised a fund in 2013, pulling in €3.5bn.

The deal comes slightly more than two months since AltAssets reported that the firm had bought up a 90 per cent stake in glass repair business Ryds Bilglas.

Last week, it was reported that Nordic had submitted a cash offer to acquire the remaining shares in niche bank Nordax.

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