Castik invests in AllDent
Germany-based Castik Capital has acquired a stake in dental chain AllDent.
The co-founders will retain a significant stake in the business and will continue to manage the chain.
The firm is currently investing from its Epic I SLP fund, which held a final close on €1bn in 2015. The fund will target equity tickets of €100-250m for companies valued between €300m-1bn.
The company plans to continue opening more practices. Castik invested in the company because of its product, strong expansion plan, the growing fragmented dentistry market and the sector's resilience to macroeconomic trends.
Company
Founded in 2011, the company employs 20 dentists. It operates four locations In Frankfurt, Munich and Stuttgart and has its own dental laboratory.
People
AllDent – Ruben Stelzner (co-founder); Matthias Stelzner (co-founder).
Advisers
Equity – Hogan Lovells (legal); PwC (financial due diligence, tax); LEX Consulting (commercial due diligence); White & Case (legal – debt financing); Möller & Partner (legal – medical law); Houlihan Lokey (debt advisory).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds









