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Summit Partners leads growth equity investment in DentalPro

Summit Partners today announced that it has acquired a majority stake in DentalPro, a network of dental clinics in Italy. Existing DentalPro shareholder, VAM Investments reinvested in the transaction, as did CEO and Founder Michel Cohen.

Founded in 2010, DentalPro owns and operates 30 full-service clinics across Italy, most of which are positioned in shopping malls. Each conveniently located clinic provides a full range of high-quality dental services, from general dentistry to more sophisticated implants, prosthesis and orthodontics. DentalPro partners with local dentists and provides them with comprehensive practice management support as well as training, which allows the practitioners to focus on providing high-quality care. Today, more than 200 dentists are part of the DentalPro network.

"DentalPro was founded to bring the highest quality and most accessible dental care to patients through modern and convenient clinics," says Cohen. "As we expand DentalPro's reach, we remain committed to providing our dentists, clinical staff and employees with the support, services, training and innovative equipment necessary to deliver the highest standard of care. Summit Partners brings tremendous resources and expertise in building businesses across the healthcare services industry and they will be a valuable addition to the local knowledge and insight that VAM will continue to provide. We are truly excited about this partnership."

"With a focus on innovative and accessible care, DentalPro offers a model of excellence that benefits both patients and dentists," says Thomas Tarnowski, a Principal with Summit Partners, who joined the DentalPro Board of Directors. "We have been impressed with the company's development and we are delighted to partner with Michel and the entire DentalPro team as the company adds more dentists to its network and opens new retail locations to serve a wider base of patients and deliver high-quality care in modern facilities across Italy."

"It has been a terrific experience to partner with Michel and his team, who built DentalPro from a startup into a market leader in under five years. We believe the business is only beginning to prove its full potential," says Marco Piana, co-founder of VAM Investments, who will remain on the DentalPro Board of Directors. "We now also look forward to collaborating on DentalPro with such a successful global investor as Summit Partners."

Scott Collins, a Managing Director with Summit Partners who has also joined the Board, adds: "Over the past 31 years, Summit has had significant experience in the healthcare sector, especially in the area of clinician-based organisations. DentalPro shares many of the characteristics we've seen in other successful businesses including top-tier support and services, and a commitment to delivering the highest quality and accessible care to patients. We appreciate the local expertise of VAM Investments, and we are glad that they are investing significantly in the transaction, a sign of strong commitment to the continued growth of the business."

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