Clearwater International advises Excent Tandtechniek on its acquisition of European Dental Group
Clearwater International advised Excent Tandtechniek, the leading dental laboratory group in the Netherlands, on its acquisition of European Dental Group (“EDG”), a portfolio company of Nordic Capital and a holding company of Dental Clinics, the Dutch dental chain.
Dental Clinics and Excent Tandtechniek previously cooperated in a joint venture that operates a highly automated laboratory. PhiDelphi previously advised Excent Tandtechniek in 2008, on the sale to Friesland Bank and De Hoge Dennen.
Excent Tandtechniek is a group consisting of 28 medium and large-sized dental laboratories in the Netherlands and Belgium. The company, consisting of 600 employees, is the leading dental laboratory group in the Benelux region, supplying dentists with partial and full dentures, crowns, bridges, facings, and implant work. Excent Tandtechniek has a turnover of €50m, mainly realised in the Netherlands.
EDG is a recently established European oral care organisation. The group consists of TopMondzorg in the Netherlands (Dental Clinics, Proclin, and TopOrtho), ArtiNorway in Norway, Adent Cliniques Dentaires Groupe in Switzerland, and DPH Dental Partner Holding, St. Franziskus Krankenhaus, and Zahnstation in Germany.
Nordic Capital is a leading private equity investor in the Nordic region. The company aims to create stronger, sustainable businesses through operational improvement and transformative growth. Core sectors of Nordic Capital are healthcare, technology and payments, financial services, industrial goods and services, and consumer and retail. Key regions are the Nordics and northern Europe, with a global focus for healthcare. Since forming in 1989, the company has invested €12bn in close to 100 investments.
This acquisition enables EDG to optimise the dental chain, by improving efficiency and excelling in dental know-how and services. Post-acquisition, Excent Tandtechniek will continue to operate as a stand-alone company.