ICG finances Vitaldent with €100m

Currently operating in Spain and Italy, the company will use the fresh financing to consolidate its current market share and broaden its network. Vitaldent will notably use the capital to expand its dental clinics network into Poland.

ICG arranged the debt financing, while Mediobanca acted as sole coordinator of the debt facility. Vitaldent was advised by aquisio advisors.

Founded in 1989, Vitaldent's network, which consists of franchisees and corporate-owned clinics, now reports sales of around €450m, aiming to grow approximately 7.5% over the next five years. Operating 460 dental clinics across Spain and Italy, Vitaldent forecasts an EBITDA of €33m for 2013.

At the beginning of the year, ICG raised a €2.5bn mezzanine fund, exceeding its target of €2bn after 18 months on the road.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Southern Europe
• Expansion
• Intermediate Capital Group PLC
• Refinancing