CapMan Buyout to divest Oral Hammaslääkärit to Colosseum Dental Group
(Thomson Reuters ONE) -
CapMan Buyout press release 6 October 2017 at 11.00 a.m. EEST
CapMan Buyout to divest Oral Hammaslääkärit to Colosseum Dental Group
A group of investors led by CapMan Buyout, including funds managed by CapMan
Buyout, are pleased to announce to have reached an agreement to divest Oral
Hammaslääkärit Plc ("Oral") to Colosseum Dental Group ("Colosseum"), a Swiss-
based dentistry group. Financial terms of the transaction have not been
disclosed.
Oral is the leading Finnish private dentistry chain with 63 clinics and sales
close to EUR 100 million. During CapMan's ownership, Oral's revenue has
increased by 15 per cent annually while EBITDA has increased by a compound
annual growth rate of 19 per cent. Funds managed by CapMan acquired Oral in
2014.
Together with Oral, Colosseum is expected to have sales of around EUR 350
million and will operate more than 200 clinics in Finland, Norway, Sweden, the
UK, Switzerland, Italy and Denmark, further pursuing its journey to build a
leading pan-European dentistry group.
"We are very pleased with the development of Oral and the return of our
investment. During our ownership, Oral has significantly expanded and completed
several developments projects, especially within the digitalisation of its
operations. Today, Oral is one of the most developed private dental care
companies in Europe. Oral will in my mind fit very well into Colosseum Dental
Group, who will continue to support the company in its future development and
further build on the strengths of the business and its ongoing initiatives. It
has been an honour to be part of Oral's development, and I would like to offer
my sincere thanks to the company's management, the dental care professionals and
all its employees," says Jan Mattlin, Partner at CapMan Buyout and responsible
for the investment in Oral.
"We are delighted to become part of the Colosseum Dental Group. The company has
a long-term mandate to build a strong European dentistry platform. This allows
us here in Finland to continue building a great local business with high quality
offering for both patients and dentists. We will continue to improve oral health
in Finland as we have done for the past 35 years. Oral's strong brand will
prevail in Finland and our employees and dentists will have even more
opportunities to develop their know-how in the future through the opening-up of
opportunities for international exchange. We see the acquisition as a very
positive opportunity for our service development in the years to come", says
Martin Forss, CEO of Oral.
"With Oral we both reach a group of highly competent new colleagues, as well as
gain access to forefront know-how around how to run many of our processes in a
more advanced manner that we can leverage across other geographies. Our vision
of modern, high quality dentistry for the benefit of patients, dentists and
employees fits well with what management wants to accomplish. We are certain
that the increased scale of the new company will be for the benefit of all
stakeholders," says Tomas Aubell, CEO of Colosseum.
Colosseum will continue to support management with its development of the
company and Martin Forss and his team have agreed to continue to run Oral also
after the transaction. The transaction is expected to close in November 2017.
For more information, please contact:
Jan Mattlin, Partner, CapMan Buyout
jan.mattlin(at)capman.com
+358 40 508 6406
Tomas Aubell, Chief Executive Officer, Colosseum Dental Group
tomas.aubell(at)colosseumdental.com
+41 79 519 55 02
Martin Forss, Chief Executive Officer, Oral Hammaslääkärit Plc
martin.forss(at)oral.fi
+358 40 779 6266
About CapMan
CapMan is a leading Nordic investment and specialised asset management company.
As one of the Nordic private equity pioneers we have actively developed hundreds
of companies and real estate and thereby created substantial value in these
businesses and assets over more than 25 years. CapMan has today 110 private
equity professionals and manages ?2.3 billion in assets. We mainly manage the
assets of our customers, the investors, but also make direct investments from
our own balance sheet in areas without an active fund. Our objective is to
provide attractive returns and innovative solutions to investors and value
adding services to professional investment partnerships, growth-oriented
companies and tenants. Our current investment strategies cover Buyout, Growth
Equity, Real Estate, Russia, Credit and Infrastructure. We also have a growing
service business that currently includes fundraising advisory, procurement
activities and fund management.
www.capman.com
twitter.com/CapManPE
About Colosseum Dental Group
Colosseum Dental Group, a company fully owned by Jacobs Holding AG, has the
ambition to become the leading European provider for dentistry services. With
the acquisition of Oral, Colosseum now operates more than 200 clinics with 900
dentists across Finland, Norway, Sweden, the UK, Switzerland, Italy and Denmark
with run-rate sales of approximately EUR 350 million. The group wants to provide
modern, quality dentistry services for the benefit of patients, dentists,
employees and shareholders alike, striving for continuous growth and
excellence.
www.colosseumdental.com
About Oral Hammaslääkärit Plc
The Finnish Oral Hammaslääkärit Plc is a service company offering oral health
care, with more than 1,300 professionals providing services throughout Finland.
In 2016, the company's revenue amounted to EUR 81.4 million. Oral provides
dental health services at over 60 dental clinics in various locations in
Finland. The dental laboratory Oral Hammaslaboratorio Oy is part of the Group.
www.oral.fi
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: CapMan Oyj via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 06.10.2017 - 10:00 Uhr
Sprache: Deutsch
News-ID 562719
Anzahl Zeichen: 6907
contact information:
Town:
Helsinki
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 523 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"CapMan Buyout to divest Oral Hammaslääkärit to Colosseum Dental Group"
steht unter der journalistisch-redaktionellen Verantwortung von
CapMan Oyj (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
