Clearwater International advises Foreman Capital on the sale of Permadental to Modern
Clearwater International advises Permadental on its sale to Modern Dental Laboratory
Clearwater International has advised the shareholders of Permadental, the third largest importer and supplier of dental prosthetics in the German market, on its sale to Modern Dental Laboratory (MDL), one of the largest dental laboratories in the world.
Permadental has a track record of serving dentists for over 25 years, supplying crowns, bridges, implants, and telescopic crowns, all of which are manufactured in China. In 2012, its turnover grew by 48% through the acquisition of Semperdent, a former competitor in the German dental prosthetics market.
MDL, a long-time supplier of dental prosthetics to Permadental, produces thousands of dental prosthetics each day for dentists around the world. The company’s products range from typical dental restorations to high-precision, custom-made, implant-supported structures. MDL is based in Hong Kong with offices in Europe, North America, Australia, and China.
This transaction provides MDL with direct access to end customers and a platform for further expansion in the European market.