IMAP is pleased to announce that Degroof Petercam – IMAP Belgium has advised the family shareholders of Esthedentalplus on the sale to Mint Tandartsen, a chain of dental practices backed by Core Equity Holdings.
Esthedentalplus is a Belgian group of four dental practices offering general dentistry and orthodontics. The Group is one of the larger dental practice groups in Belgium with a total of 40+ dentists and 30+ dental chairs.
Mint Tandartsen (“Mint”) is the Belgian dental care platform of UK dental Group Portman Dental Care, which is a portfolio company of the Belgian private equity fund Core Equity Holdings. Created in 2020, it has been rapidly growing through a clear buy-and-build strategy backed by its financial sponsor Core Equity Holdings.
After being directly approached by Mint with an interest to acquire the company, the family shareholders of Esthedentalplus came to Degroof Petercam Investment Banking for trusted independent advice. Degroof Petercam then assisted the family in a one-to-one sale process with Mint.
In addition to pragmatic negotiation between both parties, the validation that Mint’s values, DNA and future vision were the ideal fit was crucial to the successful closure of this transaction.
Following the transaction, the Company will continue to operate under the Esthedentalplus brand name. The family will remain active in the business as a minority shareholder and will also take on management roles within Mint’s holding company to support future growth plans.
The Degroof Petercam - IMAP Belgium team, led by Vincent Jamaer, acted as sole financial advisor to Esthedentalplus. This transaction underlines once more Degroof Petercam’s leading role in closing mid-market M&A transactions and its expertise in the Healthcare sector.