EQT VII acquires Pan-European dental services platform Curaeos
- EQT VII acquires Curaeos, a multi-market dental services platform providing affordable high-quality dental care
- EQT VII will support Curaeos’ buy-and-build growth strategy by leveraging EQT’s industrial network as well as operational and financial resources
The EQT VII fund (“EQT VII”) today announced that it has entered into an agreement to acquire Curaeos (the “Company”), a leading Pan-European dental services platform, from Bencis Capital Partners and other minority owners.
Curaeos is a vertically integrated dental services provider with activities in the Netherlands, Belgium, Denmark, Germany and Italy. The Company focuses on providing affordable high-quality dental care and is known for brands like DentConnect and DentalCoop. Curaeos provides a full range of both general and specialist dental care products and services. The Company is headquartered in Oosterhout, the Netherlands, and serves over one million patients through its pan-European network of over 220 clinics.
EQT VII will support the continued development of Curaeos’ buy-and-build growth strategy. In addition to getting access to both operational and financial resources, the Company will also be able to leverage EQT’s deep healthcare sector expertise and global network of Industrial Advisors. Curaeos’ current management team, including CEO and co-founder Jim Vermeule, will continue to lead the organization, building on a strong track record of both organic and acquisitive growth.
Jim Vermeule, CEO of Curaeos says: “I am very proud of what we have achieved with Curaeos so far and am looking forward to our European future. Curaeos has benefitted greatly from Bencis’ support, experience in pursuing buy-and-build strategies, and in scaling dynamic organizations like ours. EQT will enable us to continue to develop the Company, invest further in our people and facilities, and empower us to build the leading dental organization in Europe. We will continue to focus on the values that are important to us: patient satisfaction, clinical excellence, transparency and teamwork. In EQT we have found a partner that shares these values and brings a wealth of experience in healthcare across several European markets.”
Kristiaan Nieuwenburg, Partner at EQT Partners, Investment Advisor to EQT VII, commented: “EQT looks forward to supporting Curaeos’ European expansion, focusing on excellent dental care for patients, providing dentists with the best possible support, and on creating an attractive work environment for staff.”
The transaction is subject to customary regulatory approvals and is expected to close in December 2017. The parties have agreed not to disclose the transaction value.
Kristiaan Nieuwenburg, Partner at EQT Partners, Investment Advisor to EQT VII, +31 20 262 4001 EQT Press Office +46 8 506 55 334
EQT is a leading alternative investments firm with approximately EUR 37 billion in raised capital across 24 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
More info: www.eqtpartners.com
Curaeos is a fast-growing platform of dental clinics, with activities in the Netherlands, Belgium, Denmark, Germany and Italy. Curaeos is headquartered in the Netherlands and serves over one million patients through its pan-European network of over 220 clinics. Curaeos acts as a multi-functional service organization for these clinics, allowing the dentists to fully focus on providing patients with the best possible care. Curaeos Shared Service Center supports and facilitates dentists with HR, Finance and administration, quality and care management, procurement, marketing and communication and general management.
More info: www.dentconnect.eu