Summit-backed DentalPro buys Dentadent

Amedeo Goria
22 July 2016

Tweet
Facebook
LinkedIn
Google plus
Send to

Summit Partners-backed dental clinic group DentalPro has fully acquired Italian competitor Dentadent.

The deal follows the recent acquisition of Gruppo Giovanni Bona for €80m in June 2016. As part of the deal, DentalPro CEO Michel Cohen will lead the business as chair and CEO, while Dentadent CEO Gabriele Intini will join the company's management board.

Dentadent currently manages seven dental clinics across Italy and plans to open three new facilities. Following the merger, DentalPro will manage 95 clinics across the country with 230,000 clients.

According to a statement, DentalPro expects to generate €100m in revenues with a 20% EBITDA margin in 2016 and plans to open 70 new clinics in the next three years.

Previous funding
In April 2015, Summit acquired a 58% stake in DentalPro, while existing shareholder Vam Investments, alongside several high-net-worth individuals and the management team, acquired the remaining 42% stake.

Company
Founded in 2011 and headquartered in Milan, Dentadent manages seven dental clinics in Milan, Bergamo, Rome, Cagliari, Florence, Mestre and Genoa. The company claims a total of 30,000 customers and generated a turnover of €9m in 2015.

People
Summit Partners – Scott Collins (managing director); Thomas Tarnowski (principal).
DentalPro – Michel Cohen (co-founder, CEO).
Dentadent – Gabriele Intini (co-founder, chair, CEO); Claudio Poggio, Angelo Riva, Carlo Giannuzzi (co-founders).

Advisers
Acquirer – N+1 (corporate finance); White & Case (legal); EY (commercial due diligence); Izzi-Toniatti-Pini-Perron Cabus-Ziliani-De Lodi Studio Legale (legal).