Clinica Perio (Spain) - Nov 2007

Newcomer Realza Capital has closed its first deal by acquiring a 62% stake in dental clinic chain Clínica Perio. The deal consideration is set below the €25m mark. The investment opportunity came about through a former portfolio partner realising the profitability of the dental market and its double-digit growth. The full equity deal was completed in nine months. Realza Capital is at present fundraising for a €150m vehicle and expects to have its final close in January 2008. See further details in the next edition of Southern Europe unquote” .

Company

Madrid-based Clínica Perio specialises in periodontics (the treatment of diseases that affect gums and the tissue surrounding and supporting teeth), implantology (restoration of lost dental pieces) and oral surgery. Its first clinic was founded in the early 1990s with three other clinics opening since 2002. The company currently employs close to 100 staff and it reported a turnover of €10.5m in 2007. The company was described by the investors as “ripe for consolidation”. Additionally, the investors plan to further encourage the organic growth of the company and expand the business through the acquisition of patient portfolios from retiring dentists. The accomplishment of these goals would then render the Clínica Perio attractive to health sector groups looking to acquire new operations.

People

Alfredo Zavala led the deal on behalf of Realza Capital.

Sourced from: 0 unquote" 70 (Jan 2008)

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• Topics
• Southern Europe
• Buyouts
• Healthcare
• Spain