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 13
Sector (Healthcare Services) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 3 of 4
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2021) 5 of 7
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
2021-12-01 Clarion Home Services Group

Lake Forest, Illinois, United States

Clarion Home Services Group offers replacement, repair and maintenance services to a large and growing customer base. The Company is a multi-brand platform with operations across Nebraska, Wisconsin, Colorado, Kansas, Utah, and Ohio. Clarion Home Services Group was founded in 1989 and is based in Lake Forest, Illinois.

Buy -
Mergr

Product

Company

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