Accent Equity buys Oral Care

The value of the transaction remains undisclosed. The GP acquired Oral Care from Procuritas and its minority stakeholders, founders Marianne Forsell and Bertil Herbst.

Procuritas bought Oral Care in May 2010 via its fourth fund, Procuritas Capital Investors IV. Its plan was to support the company in increasing its Swedish operations, as well as exporting the concept to international markets.

Accent drew equity from its Accent Equity 2012 fund to finance the acquisition. The mid-market vehicle closed on its SEK 3.8bn target in December 2011, according to unquote" data. It invests in lower-mid-market transactions across all sectors in the Nordic region with a focus on Sweden, Norway, Finland and Denmark. Data from unquote" shows that 20% of the total commitments came from investors in the Nordic region, 70% from the rest of Europe and 10% from North America and Asia. The GP usually deploys equity tickets of €5-50m in companies with enterprise values in the €10-250m range.

In a previous deal in February this year, Accent purchased a majority stake in Swedish equipment rental business Stål & Hyr via its 2012 fund.

Company
Founded in 1989, Oral Care specialises in geriatric odontology. It offers mobile hygienist and dentist services to elderly and disabled people living in specialised residences.

The company is headquartered in Stockholm and is active in eight county councils in central and southern Sweden, including Malmö, Gothenburg, Linköping and Karlstad. According to the GP, Oral Care's sales amount to approximately SEK 180m.

People
Accent Equity Partners – Daniel Winberg (partner).

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