Imperial Capital Group and its co-investor OPTrust Private Markets Group has completed a $121 million investment in Dental Corporation of Canada Holdings. The investment in Dental Corp. marks the third investment for Imperial Capital Acquisition Fund V, LP – a $295 million fund closed in March 2014.
Dental Corp. is the largest group of dental practices in Canada with approximately 90 locations and C$180 million in annual revenue. The company was founded in 2011 by Graham Rosenberg and Dr. Andrew Meikle. The company is based in Toronto (ww.dentalcorp.ca).
“We have had a strong interest in the North American dental business and see Dental Corp. as both a great investment and a company with a compelling mission to advance the business of dentistry,” said Justin MacCormack, Partner and Head of Healthcare investing at Imperial Capital.
Imperial Capital focuses on buy-out opportunities in the Canadian and American mid-market. The firm invests in companies that have revenue between $20 million and $200 million and are active in the healthcare, branded consumer products, and business services industries. Dental Corp is Imperial Capital’s fifth healthcare investment within North America in the past 5 years. Imperial Capital is based in Toronto (www.imperialcap.com).
“Dental Corp’s clinics distinguish themselves by providing exceptional overall service for the increasingly discerning Canadian dental consumer. We are very proud to be partnering with Dental Corp as the company enters its next phase of growth,” said OPTrust’s Sandra Bosela, Co-Head, Managing Director and Global Head of Private Equity.
OPTrust is one of Canada’s largest public pension plans, serving almost 84,000 members and pensioners, and has over C$13.7 billion in assets under management. OPTrust has offices in London and Toronto (www.optrust.com).
2014 PEPD • Private Equity’s Leading News Magazine • 7-28-14