CapMan sells Oral Hammaslääkärit to Colosseum Dental

The sale will see CapMan exit its majority stake to the Swiss-based dentistry group.

The GP started to receive calls from prospective buyers in June, mainly from investors in the dental care industry rather than private equity investors, CapMan partner Jan Mattlin told unquote".

According to Mattlin, the dentistry market in Europe is very fragmented and there is room for consolidation, which is driving interest in the sector.

The Finnish asset manager acquired the dental care service in 2014 when it delisted the Espoo-based company. According to news sources at the time, the 640 cent per share offer valued the business at around €55m, excluding debt.  Further information surrounding the deal remained undisclosed.

CapMan deployed capital from its 10th buyout fund, which closed on €245m in September 2014. The fund has invested in eight companies to date. Oral marks the second exit in the portfolio.

The fund is only three years old but the GP intends to exit a few more companies in the months ahead. It is currenlty still investing from the fund and will make at least one more investment, Mattlin said.

Colosseum intends to continue to support management with its development of the company. Oral CEO Martin Forss and his team have agreed to continue to run Oral after the transaction. The deal is expected to close in November 2017.

Company
Headquartered in Espoo, Oral is a dental care service chain with 63 dental clinics across Finland. It also maintains its own dental laboratory. Oral recorded a turnover of close to €100m in 2016.

People
CapMan Buyout – Jan Mattlin (partner).
Oral – Martin Forss (CEO).

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• Topics
• Healthcare
• Nordics
• Exits
• Finland
• CapMan
• Trade sale