(PRESS RELEASE) LONDON, 19-Dec-2019 — /EuropaWire/ — Bridgepoint Development Capital to acquire a majority shareholding in Oris Dental Holding AS, a leading Norwegian dental care provider. BDC will provide support to allow Oris Dental expand and realise its ambitious growth plans.
Oris Dental was established in 2016 and headquartered in Trondheim. It has 25 dental clinics and 4 dental laboratories across Norway.
Lars Melkvik, CEO of Oris Dental commented: “We are excited to have Bridgepoint on board, and we are confident that they are the best partner for us on our journey going forward. Our mission is to build the very best dental services platform for our customers and colleagues. With Bridgepoint coming in we are strengthened in our resolve and look forward to the next step of the journey.”
Johan Dahlfors, Partner at Bridgepoint Development Capital responsible for its investment activities in the Nordic region, added: “We are very impressed by Oris Dental’s journey to-date and the team who have built a nationwide portfolio of dental clinics and laboratories over the past three years. Today the Company has a leading position in the Norwegian dental market thanks to its focus on high-quality services and a dentist-centric model. Oris Dental has an ambitious agenda and we look forward to partnering with the Company to develop the business further.”
Under new ownership, Oris Dental will continue to build on its position as a leading high-quality dental care provider in Norway with the ambition to grow both organically and through acquisitions.
The transaction is subject to approval by the Norwegian Competition Authority. The value of the transaction is not disclosed.
Advisers involved in the transaction for Oris Dental includes: Wiersholm (legal), DNB (corporate finance), PwC (financial and tax) and LEK (commercial) and for Bridgepoint Development Capital: Schjodt(legal), Danske Bank (corporate finance), EY (financial, tax and pensions), Roland Berger (commercial) and Marsh (insurance).
For press information, please contact:
James Murray on +44 (0) 20 7034 3555