Nordic Capital acquires Excent Tandtechniek

The deal was made as an add-on to Nordic Capital's European Dental Group as part of its buy-and-build strategy.

Earlier this year, Nordic Capital acquired and merged three dental chains with operations in the Netherlands, Switzerland and Germany, and one dental technology laboratory to form European Dental Group in February 2018.

Established in 1910 and headquartered in Gouda, Excent Tandtechniek operates dental labs in the Netherlands. The chain comprises 25 dental laboratories in the Netherlands and three dental laboratories in Belgium. It supplies partial and full dentures, crowns, bridges, facings and implant work to dentists.

According to a report in Dutch daily Het Financieele Dagblad, the firm employs a staff of 600, and reported revenues of €50m and EBITDA of €5.5m in 2016.

Excent Tandtechniek has been supported by financial backers previously, although most recently it was owned by management. Private equity firm Waterland made a first investment in 2005, according to Unquote Data. This was followed by a deal with De Hoge Dennen Capital and Friesland Bank Investments in 2008, in which each acquired a 30% stake in the business. The remaining 40% of the share capital was retained by the management team. 

Rabo Capital, along with other investors, then provided funding to the dental labs operator in June 2009. Most recently, a management buyout in February 2014 saw the company's shares transfer to CEO Hidde Hoeve and the management team.

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• Topics
• Buyouts
• Benelux
• Healthcare
• Netherlands
• Nordic Capital
• Waterland Private Equity