DMH acquires Pluradent

The proceedings were triggered by the expiry of credit lines, as well as market conditions including a price drop of dental products, according to press reports.

Julia Kappel-Gnirs of HWW was appointed as provisional trustee, while Alfred Hagebusch of Wellensiek was mandated to advise Pluradent's supervisory board. Gordon Geiser of Greenberg Traurig joined the company's management board to assist with the restructuring process.

According to a statement published via Insolvenz Portal, the company had been in discussion with a number of investors since March 2020. Two offers were considered in the final round of bids, according to a statement from Pluradent.

Pluradent launched a new online shop in May 2020 and plans to further expand its e-commerce, service and project-based offerings for customers.

DMH makes long-term investments in Germany-based Mittelstand companies, according to its website, regularly acquiring companies following insolvency proceedings. The GP raises capital on a deal-by-deal basis, backed by its managing partners, as well as entrepreneurs, family offices and institutional co-investors.

Company
Founded in 2001 via the merger of a number of dental suppliers, Pluradent sells equipment and materials for use in dental practices and laboratories. The company also offers technical training and services. The company has 920 employees across its Pluradent site in Offenbach and its GLS Logistik subsidiary in Kassel. It generates revenues of €300m.

People
Deutsche Mittelstandsholdings – Holgen Buetzler, Philipp Riekert (managing partners).
Pluradent – Karsten Hemmer (CEO); Michael Herdt (managing director).

Advisers
Management – Wellsneiek, Alfred Hagebusch (legal); Greenberg Traurig, Gordon Geiser (legal).

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• Topics
• Buyouts
• DACH
• Healthcare
• Germany