Babson Capital Management has provided a combination of subordinated debt and equity to support Linden Capital Partners’ recapitalization of Northwestern Management Services. Babson Capital served as the lead provider of subordinated debt on the transaction.
“Babson Capital’s performance on this transaction illustrates why the firm has a reputation as a strong partner to middle-market private equity sponsors” said Tony Davis, a Managing Partner at Linden. “We value our relationship with Babson Capital and look forward to working with Babson Capital on this transaction.”
Northwestern Management Services provides management and administrative services and facilities for the Gentle Dental Group, a network of 21 retail-driven general and multi-specialty dental practices located in Southeast Florida. Gentle Dental provides general, cosmetic and specialty dental services. The company was founded in 2002 and is based in Boca Raton, FL (www.gentledentalgroup.com).
“Babson Capital is excited to partner with Linden Capital Partners on its investment in Northwestern Management Services,” said Bob Erwin, a Managing Director in Babson Capital’s Mezzanine & Private Equity Group. “Linden has an excellent track record in the oral care sector and will be a value-added partner to Gentle Dental’s strong management team in an effort to drive the growth of a leading company in a very attractive market.”
Babson Capital had $149 billion in assets under management as of June 30, 2012 and is a member of the MassMutual Financial Group. The firm is based in Boston and Springfield, MA and Charlotte, NC and has six additional offices in the US and one in Sydney, Australia, with subsidiaries in London and Tokyo (www.BabsonCapital.com).
Linden Capital Partners is focused exclusively on leveraged buyouts in the healthcare and life science industries. Linden’s strategy is based upon four elements: specialization on middle market healthcare and life science companies; integrated private equity and operating expertise; customized value creation programs for each portfolio company; and strategic relationships with large corporations. The firm is located in Chicago, IL (www.lindenllc.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 10-26-12
