BC Partners owned DentalPro, a private dentistry practice in Italy, is to acquire Vitaldent Italia from JB Capital.
The agreement will see DentalPro take control of Vitaldent’s 80 dental practices and integrate them into DentalPro’s network and brand. Financial terms of the transaction were not disclosed.
On completion, DentalPro will have cemented its position as the leading Italian dentistry group and will become the seventh largest private healthcare business in the country. The Group will be comprised of 260 dental centres spread across 14 regions in Italy and will employ approximately 2,000 staff including more than 1,500 dentists and hygienists.
DentalPro was founded in Milan in 2010 by businessman Michel Cohen and dentists Samuele Baruch and Paolo Tonveronachi. Leading international investment firm BC Partners acquired the Group in 2017 to capitalise on the growing and highly fragmented Italian dental market. Over this period, the firm has overseen DentalPro’s expansion through both organic growth initiatives and strategic acquisitions.
Michel Cohen, CEO of DentalPro Group, says: “We are delighted to be welcoming Vitaldent into our business. We share a commitment to high quality, professional service and I am confident that this transaction will enable us to serve our patients even better. Having proven our resilience during the pandemic, 2021 is set to be an important year for the growth of our business, as we continue to strengthen our position as the market leader both through acquisitions like this but also by opening new practices and expanding into new geographies.”
Rafal Garabito, Managing Director of JB Capital, adds: “We’re glad that Vitaldent is joining the leading dental group in Italy and we’re sure that the combined experience of the two groups will lead to enormous benefits – first and foremost for patients, but also for co-workers and dentists.”
The acquisition of Vitaldent Italia will be financed through an equity investment by BC Partners and DentalPro’s other shareholders. PwC was involved as financial advisor, White & Case on legal and Facchini-Rossi-Michelutti on tax related matters. Vitaldent Italia was assisted by Cleon Capital and JB Capital for financial aspects, Studio lusCounsel for legal ones and Studio Mastrangelo for tax related matters.
