M&A Deal Summary

Bright Now! Dental Acquires Castle Dental Centers

On June 17, 2004, Bright Now! Dental acquired healthcare services company Castle Dental Centers from Sentinel Capital Partners and Midwest Mezzanine Funds for 56M USD

Acquisition Highlights
  • This is Bright Now! Dental’s 1st transaction in the Healthcare Services sector.
  • This is Bright Now! Dental’s largest (disclosed) transaction.
  • This is Bright Now! Dental’s 1st transaction in the United States.
  • This is Bright Now! Dental’s 1st transaction in Texas.

M&A Deal Summary

Date 2004-06-17
Target Castle Dental Centers
Sector Healthcare Services
Buyer(s) Bright Now! Dental
Sellers(s) Sentinel Capital Partners
Midwest Mezzanine Funds
Deal Type Merger
Deal Value 56M USD

Target

Castle Dental Centers

Houston,, Texas, United States
Castle Dental Centers, Inc. is a provider of general dentistry, orthodontic and other dental specialty services through 77 dental centers with approximately 200 affiliated dentists.

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Buyer(S) 1

Buyer

Bright Now! Dental

Santa Ana, California, United States

Category Company
Sector Healthcare Services
DESCRIPTION

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.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Merger) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

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 7 of 69
Sector (Healthcare Services) 1 of 9
Type (Merger) 1 of 5
State (Texas) 1 of 5
Country (United States) 7 of 62
Year (2004) 2 of 4
Size (of disclosed) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-19 Cottman Transmission Systems

Horsham, Pennsylvania, United States

Cottman Transmission Systems, Inc. is a franchiser of automotive transmission centers that repair, re manufacture and service transmissions and related components.

Sell $77M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-28 Natural Beauty Growers

Denmark, Wisconsin, United States

Natural Beauty Growers LLC is a provider of greenhouse grower and wholesaler of plants and floral products. Natural Beauty Growers was founded in 1972 and is based in Denmark, Wisconsin.

Sell -
SELLER

Midwest Mezzanine Funds

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1992
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Midwest Mezzanine Funds (MMF) is a provider of junior capital to lower middle-market, US and Canadian companies. MMF looks to invest $4 to $15 million to support buyouts, acquisition financings, recapitalizations, and growth capital needs. Prospective companies generally have consistent profits ($3 million of EBITDA), low capital intensity, and sustainable competitive advantages. Broad areas of interest include manufacturing, value-added distribution, and services. MMF will not invest in high technology, energy, or real estate. Midwest Mezzanine was formed in 1992 and has offices in Chicago and Monroe, Michigan.


DEAL STATS #
Overall 3 of 56
Sector (Healthcare Services) 1 of 2
Type (Merger) 1 of 2
State (Texas) 1 of 5
Country (United States) 3 of 55
Year (2004) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-01 TS3 Technology

Franklin, Tennessee, United States

TS3 is a manufacturer of electronic printed circuit boards, wire harnesses, and cable assemblies as well as a provider of circuit board engineering and design services to companies in the industrial, energy, and business telecommunications markets. TS3 Technology was founded in 1984 and is based in Franklin, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-06 Vista International Packaging

Kenosha, Wisconsin, United States

Vista International Packaging LLC is a provider of artificial casings and film packaging products to a variety of specialty and broad-line food customers in the meat processing industry.

Buy -