Altor launches dental buy-and-build KonfiDents
Altor Equity Partners has launched KonfiDents, a buy-and-build strategy in the German dental sector with the acquisition of the Krankenhaus Maria-Hilf Warstein hospital.
The hospital will be merged with two dental clinics that Altor also owns, the Kleinsman Varzideh Dental Center, focused on dental aesthetics, and the Palti Dentalzentrum, focused on implantology.
Altor will tap its €2bn buyout fund Altor Fund IV, which held a final close on its hard-cap in July 2014 and was 55% invested as of October 2017, according to Unquote Data.
The GP is partnering with medical doctors Margarete Bowien and Martin Hagedorn to implement the strategy, as well as KMH's former owner Deutsche Klinik Union, which will continue to manage the hospital.
KonfiDents has also entered into a cooperation with Haranni Academy, a dental academy in Germany, to found KonfiDents Academy.
Company
KonfiDents is a dental group focused on implantology, dental aesthetics and maxillofacial surgery. It was founded by Altor in 2018 in cooperation with medical doctors Margarete Bowien and Martin Hagedorn. It currently comprises a hospital and two dental clinics with further expansion planned.
People
Altor Equity Partners – Andreas Källström Säfweräng (partner).
KonfiDents – Margarete Bowien, Martin Hagedorn (co-founders).
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