Global investment firm KKR has closed a $2.34bn unitranche debt facility with US dental partnership organisation MB2 Dental, which will go towards funding upcoming acquisitions and future growth for the company.
According to a press release, MB2 Dental was founded in 2007 and has partnered with over 685 general and specialty dental practices across 39 US states. The company has recapitalised twice with private equity firms Charlesbank Capital Partners in 2021 — the financing of which was led by KKR — and Sentinel Capital Partners in 2017.
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In a statement, Dr Chris Steven Villanueva, Founder and CEO at MB2 Dental, said: “MB2 Dental’s access to this new credit facility demonstrates a true endorsement of our strong historical performance and confidence in our growth pipeline. We are seeing unprecedented interest in our partnership model that allows doctors to combine the benefits of joining a larger community with the independence that they love about private practice.
“The new financing will further accelerate our ability to disrupt the dental profession and continue our nationwide expansion as the fastest-growing dental group in the country.”
Source: Private Equity Wire
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