dental

H.I.G. Capital Acquires InterDent

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H.I.G. Capital has completed the acquisition of InterDent, a dental practice support organization (“DSO”). “The DSO model allows dentists and specialists to treat patients while reducing the administrative burden of running their own practices. We believe there is a big opportunity to further penetrate existing territories while expanding into new markets,” said Chris Laitala, a Managing Director of H.I.G. Capital.

InterDent is a dental practice support organization providing support services under the Gentle Dental brand name to over 145 affiliated dental offices employing more than 450 dentists in the following eight states: Arizona, California, Hawaii, Kansas, Nevada, Oklahoma, Oregon, and Washington. The company is based in Inglewood, CA (www.gentle1.com) (www.interdent.com).

“We are excited about the H.I.G. acquisition. Their investment supports our growth and enables the company to invest in existing offices while growing our retail platform. We have a shared vision to provide the best work environment to attract high-quality dentists and specialists, and offer an unmatched value and experience to the patient,” said John Steinbrun, President and CEO of InterDent.

H.I.G. Capital specializes in providing capital to small and medium-sized companies and invests in management-led buyouts and recapitalizations of manufacturing or service businesses. Since its founding, H.I.G. has invested in and managed more than 200 companies and the firm’s current portfolio includes companies with combined revenues in excess of $8 billion. H.I.G. Capital has more than $8.5 billion of equity capital under management and is based in Miami, FL and has other offices in Atlanta, GA; Boston, MA; San Francisco, CA; London, UK; Rio de Janeiro, Brazil; Hamburg, Germany; and Paris, France (www.higcapital.com).

PEPD 8-8-12

Warburg Pincus Merges Keystone Dental with Southern Implants

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Keystone Dental, a provider of dental implant technologies and a portfolio company of Warburg Pincus, and Southern Implants, also a dental implant company, today announced that the two companies have merged. The combined entity will retain the name Keystone Dental.

Michael Kehoe is the President and Chief Executive Officer (CEO) of the newly merged company and the former CEO of Southern Implants. The new management team will be comprised of individuals from both Keystone and Southern Implants. The merged company will maintain headquarters in Burlington, MA and will continue to operate its other manufacturing facility in Irvine, CA.

“The merger of Keystone Dental and Southern Implants represents an excellent strategic fit for the two companies,” said Mr. Kehoe. “The combination of Keystone’s portfolio of industry-proven biomaterials and dental implants with Southern’s unique dental implant systems for both the esthetic zone and molar regions provides the merged company with a greatly expanded product range for the dental implant community.”

Keystone Dental was launched in 2006 by Warburg Pincus and represents the continuation of the business of Lifecore Biomedical, a participant in the dental implant market since 1990. Keystone Dental’s product portfolio includes Genesis, The Biomimetic Implant System, The Prima Implant System, DynaMatrix Extracellular Membrane, DynaBlast and DynaGraft bone graft substitutes, and Accell Connexus, a bioactive bone grafting product. The company is headquartered in Burlington, MA (www.keystonedental.com).

Southern Implants provides implant surgeons and restorative dentists with a range of implants and restorative components. Southern Implants was established in 2006 to commercialize in North America, South America and Asia, dental implant technologies that have been sold in Europe and other parts of the world for over two decades. The company is headquartered in Irvine, CA (www.southernimplants.us).

Warburg Pincus has more than $30 billion in assets under management and has raised 13 private equity funds which have invested more than $40 billion in approximately 650 companies in 30 countries. The firm was founded in 1966 and is headquartered in New York with offices in Amsterdam, Beijing, Frankfurt, Hong Kong, London, Luxembourg, Mauritius, Mumbai, San Francisco, Sao Paulo and Shanghai (www.warburgpincus.com).