M&A Deal Summary

LightBay Capital Acquires Passion Dental Group

On October 1, 2021, private equity firm LightBay Capital acquired healthcare services company Passion Dental Group

Acquisition Highlights
  • This is LightBay Capital’s 2nd transaction in the Healthcare Services sector.
  • This is LightBay Capital’s 1st transaction in Canada.
  • This is LightBay Capital’s 1st transaction in Alberta.

M&A Deal Summary

Date 2021-10-01
Target Passion Dental Group
Sector Healthcare Services
Buyer(s) LightBay Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Passion Dental Group

Calgary, Alberta, Canada
Passion Dental Group is a dental professionals committed to providing exceptional care and building a community of like-minded individuals who share our values. We believe in creating a positive, supportive culture that stimulates personal and professional growth. Passion Dental Group was founded in 2020 and is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

LightBay Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2016
PE ASSETS 615M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LightBay Capital is a private equity firm focused on middle-market buyouts and distressed debt opportunities. The Firm will consider investing in the range of $100 to $300 million. LightBay Capital was formed in 2016 and is based in Los Angeles, California.


DEAL STATS #
Overall 9 of 14
Sector: Healthcare Services M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 4
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2021 M&A 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 Foundry

Milwaukee, Wisconsin, United States

Foundry has launched, scaled, and successfully exited brands that generated over $2B in revenue. The company uses its experience, industry expertise, and technology platform to acquire, build and grow enduring brands. Foundry is based in Milwaukee, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-18 Ro Health

Seattle, Washington, United States

Ro Health is a medical staffing and home health agency. Ro Health supplies its clients and patients with healthcare providers that are kind and caring. Ro Health was founded in 2013 and is based in Seattle, Washington.

Buy -