Silverfleet Capital sells EDP

The investor also received offers from other strategic and financial investors. However, it decided in favour of Lifco as it was considered the best strategic fit for the company due to its activities in the Nordic region.

Previous funding
In 2004, Silverfleet acquired Müller + Weygandt for €110m, which provided the basis for the creation of European Dental Partners Holding (EDP). Since then Silverfleet has grown the business through a buy-and-build strategy.

Following German healthcare reforms in 2005, the company expanded into Switzerland, Austria, Hungary, Czech Republic, Croatia, Slovakia and Slovenia. While completing the add-on acquisition of InteraDent Zahntechnik, a dental laboratory in Lübeck, in 2006, Silverfleet also refinanced the company. In 2008, EDP started to make a web-based market entry in France.

Company
Lübeck-based EDP was founded in 2006. It is a mail-order company for consumables including anaesthetics and small appliances for dentists, orthodontists and dental surgeons.

The firm employs more than 500 people and has a turnover of about €120m. It operates through 11 companies in nine countries.

People
Guido May and Joachim Braun managed the exit for Silverfleet Capital.

Advisers
Equity – Rothschild (Corporate finance); Skadden Arps Slate Meagher & Flom (Legal); PricewaterhouseCoopers (Financial due diligence).

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• Topics
• DACH
• Healthcare
• Exits
• Silverfleet Capital
• Germany