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TMCNet:  Bregal Partners and Dental Partners Announce Cooperative Agreement to Acquire Dental Practices

[August 18, 2014]

Bregal Partners and Dental Partners Announce Cooperative Agreement to Acquire Dental Practices

NEW YORK --(Business Wire)--

Bregal Partners, a leading middle market private equity firm, has entered into an agreement with Dental Partners Inc. ("Dental Partners" or the "Company"), a leading southeastern dental practice management platform, to pursue and acquire general dentistry-focused practices that have $5 to $25 million in revenue in the Southeast, Texas, and select Midwestern geographies. Post-acquisition, Dental Partners intends to support the growth of these practices through further in-market, small acquisitions.

Founded by Todd Christie, Dental Partners is a general dentistry-focused dental practice management platform operating in Tennessee, Kentucky, Florida, and Georgia. Dr. Christie started Dental Partners in 2011 with his acquisition of a single clinic in Tennessee, and the company has since grown to 20 clinics via acquisition. A dentist himself, Dr. Christie was previously founder, CEO, and majority owner of Christie Dental, a Florida-based practice management platform that he also built from the purchase of a single clinic and later successfully sold to American Dental Partners in 2009.

Bregal Partners' co-founder and Managing Partner Robert Bergmann noted, "We are delighted to be partnering with Todd, who has now twice built industry leading dental practice management platforms. Having acquired nearly 50 clinics in his career, he has a proven model that works across a wide range of practices: from those where the sellers wish to retire, to those with a young dentist group that wants support to accelerate growth. Critically, he and Dental Partners have a demonstrable track record of supportingacquired practices and driving strong growth post-acquisition."


Mr. Bergmann added that Bregal Partners has been working with Dr. Christie to evaluate potential investments in the dental sector over the last few years and noted the newly formed partnership is the culmination of their prior efforts together. "We have had a front row seat in witnessing the growth of Dental Partners under Todd's leadership and are excited to be joining forces to take Dental Partners to the next level," added Bergmann.

Dr. Christie stated, "I am thrilled to be partnering with Bregal Partners as Dental Partners looks to its next phase of growth. Bregal Partners brings substantial healthcare investment experience, including experience in the dental sector, which will help us expand our footprint and accelerate our growth. Having gotten to know the Bregal Partners team over the last few years, I am confident I have found a great partner."

About Dental Partners

Dental Partners is a general dentistry-focused dental practice management platform in Tennessee, Kentucky, Florida, and Georgia. The company was founded by Todd Christie in 2011 with his acquisition of a single clinic in Tennessee and has grown to 20 clinics via acquisition. Dental Partners offers a complete range of routine, cosmetic and specialized dental health services including preventative care, whitening, crowns, veneers, dental implants, oral surgery, periodontics, endodontics, conscious and intravenous sedation, children's dentistry and orthodontics. Dental Partners provides dentists and their team members leadership and support through continuing education, staffing, human resources, marketing, training, administration, accounting and information technology.

For more information on Dental Partners, please visit www.dental-partners.com.

About Bregal Partners

Bregal Partners is a private investment firm that invests alongside management teams to build industry leading companies in the middle market. Areas of focus include energy services, consumer, food and retail, and healthcare. With $500 million of committed capital funded by a sixth-generation family foundation with roots back to 1841, Bregal Partners brings experience, stability, and a long-term outlook to all of its investment activities. Bregal Partners is part of Bregal Investments, a global family of private equity and fund investment vehicles that has invested more than $9 billion since 2002. For more information on Bregal Partners, please visit www.bregalpartners.com.


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