M&A Deal Summary

Gryphon Investors Acquires Smile Brands Group

On May 1, 1998, private equity firm Gryphon Investors acquired business services company Smile Brands Group

Acquisition Highlights
  • This is Gryphon Investors’ 1st transaction in the Business Services sector.
  • This is Gryphon Investors’ 3rd transaction in the United States.
  • This is Gryphon Investors’ 2nd transaction in California.
Investment Fate
  • Smile Brands Group was sold to a consortium of financial buyers in 2005 for 340M USD.
  • Smile Brands Group was sold to a consortium of financial buyers in 2010.
  • Smile Brands Group was sold to a consortium of financial buyers in 2016.

M&A Deal Summary

Date 1998-05-01
Target Smile Brands Group
Sector Business Services
Buyer(s) Gryphon Investors
Deal Type Buyout (LBO, MBO, MBI)

Target

Smile Brands Group

Irvine, California, United States
Smile Brands' corporate headquarters in Irvine, California.
Smile Brands' corporate headquarters in Irvine, California.
Smile Brands Group provides comprehensive business support services, non-clinical personnel, facilities and equipment through long term agreements with affiliated dental groups. Smile Brands Group was formed in 1998 and is headquartered in Irvine, California.

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Buyer(S) 1

Buyer

Gryphon Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 8.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Gryphon Investors is a private equity firm focused on making $50 to $300 million of equity or equity-linked investments in middle-market companies. Target transaction situations include traditional buyouts, leveraged build-ups, and growth financings. Gryphon will consider both control and shared-control positions. Sectors of interest include business services, consumer, retail, automotive, chemicals, general manufacturing, healthcare, and hotels. Gryphon Investors was formed in 1997 and is based in San Francisco, California.


DEAL STATS #
Overall 3 of 81
Sector (Business Services) 1 of 6
Type (Buyout (LBO, MBO, MBI)) 3 of 31
State (California) 2 of 17
Country (United States) 3 of 80
Year (1998) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-05-01 Bright Now! Dental

Santa Ana, California, United States

Bright Now! Dental, Inc. is a provider of business support services to more than 300 dental offices in 18 states nationwide. Independent and staff dentists deliver general, specialty, and cosmetic care to more than a quarter of a million patients each year.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-10-01 Miller Heiman

Chicago, Illinois, United States

Miller Heiman is a sales performance training and consulting firm, serving clients in over 35 countries and working with some of the most respected companies in the world. Miller Heiman was formed in 1960 and is based in Chicago, Illinois.

Buy -