M&A Deal Summary

123Dentist Acquires Altima Dental

On July 12, 2022, 123Dentist acquired healthcare services company Altima Dental from Sentinel Capital Partners

Acquisition Highlights
  • This is 123Dentist’s 1st transaction in the Healthcare Services sector.
  • This is 123Dentist’s 1st transaction in Canada.
  • This is 123Dentist’s 1st transaction in Ontario.

M&A Deal Summary

Date 2022-07-12
Target Altima Dental
Sector Healthcare Services
Buyer(s) 123Dentist
Sellers(s) Sentinel Capital Partners
Deal Type Merger
Advisor(s) Houlihan Lokey
Grant Thornton Transaction Services (Financial)
Stikeman Elliott
Kirkland & Ellis (Legal)

Target

Altima Dental

Toronto, Ontario, Canada
Altima Dental is a dental services organization that focuses on supporting superior patient care, best clinical practices, and true partnership with dentists. Altima Dental was founded in 1993 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

123Dentist

Burnaby, British Columbia, Canada

Category Company
Founded 2011
Sector Healthcare Services
DESCRIPTION

123Dentist is a dental support organization with practices across the country. It aligns with the individual needs of each dentist partner to deliver on its core promises of practice-by-practice flexibility and long-term partnership solutions that reflect the unique needs of each dentist partner. 123Dentist was established in 2011 and is based in Burnaby, British Columbia.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Merger) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Sentinel Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 11.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $400 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 66 of 69
Sector (Healthcare Services) 9 of 9
Type (Merger) 5 of 5
State (Ontario) 4 of 4
Country (Canada) 6 of 6
Year (2022) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-19 Captain D s

Nashville, Tennessee, United States

Captain D's owns, operates, and franchises some 500+ restaurants in 25 states, plus military bases around the world. Captain D's offers its customers great seafood at reasonable prices in a relaxed environment. Captain D's was formed in 1969 and is based in Nashville, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-28 Bandon Holdings

Austin, Texas, United States

Bandon Holdings is a strategic fitness platform and the largest franchisee in the Anytime Fitness family with clubs across Texas, Oklahoma, and Kansas. The franchise has expanded significantly through new development and a proven acquisition strategy, with growth driven by consumer demand for healthier lifestyles.

Buy -