Investment Summary

Peloton Capital Management and KKR Invest In 123Dentist

On June 27, 2019, private equity firms Peloton Capital Management and KKR invested in healthcare services company 123Dentist

Investment Highlights
  • This is Peloton Capital Management’s 1st and KKR’s 13th transaction in the Healthcare Services sector.
  • This is Peloton Capital Management’s 1st and KKR’s 6th transaction in Canada.
  • This is Peloton Capital Management’s 1st and KKR’s 1st transaction in British Columbia.

Investment Summary
Date 2019-06-27
Target 123Dentist
Sector Healthcare Services
Investor(s) Peloton Capital Management
KKR
Deal Type Growth Capital
Advisor(s) KPMG Corporate Finance LLC (Financial)
Ernst & Young - Law
Torys LLP
Miller Thomson (Legal)

Target

123Dentist

Burnaby, British Columbia, Canada
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.

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Investor(S) 2

Investor

Peloton Capital Management

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2018
Size Middle-Market
Type Sector Focused
DESCRIPTION

Peloton Capital Management is a private equity firm focused on long-term investments in lower middle-market buyouts of North American companies. The Firm is a generalist investor and looks to commit C$25 to C$75 million per transaction in profitable companies with C$5 to C$40 million of EBITDA. Peloton Capital Management was formed in 2018 and is headquartered in Toronto, Ontario.

DEAL STATS #
Overall 1 of 9
Sector (Healthcare Services) 1 of 4
Type (Growth Capital) 1 of 7
State (British Columbia) 1 of 1
Country (Canada) 1 of 6
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-10 P3 Veterinary Partners

Oakville, Ontario, Canada

P3 Veterinary Partners is a veterinary practice group. The company serves its veterinary partners and offers a variety of partnership and exit strategies to practice owners who are looking for a change and care about their work and legacy. P3 Veterinary Partners was established in 2015 and is based in Oakville, Ontario.

Buy -
Investor

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.

DEAL STATS #
Overall 310 of 483
Sector (Healthcare Services) 13 of 16
Type (Growth Capital) 54 of 79
State (British Columbia) 1 of 2
Country (Canada) 6 of 11
Year (2019) 15 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-27 Sector Alarm

Oslo, Norway

Sector Alarm delivers security to customers through alarm solutions for homes and businesses. Sector Alarm was formed in 1995 and is based in Oslo, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 ClickTale

Ramat-Gan, Israel

ClickTale Ltd. is a provider of customer experience analytics solutions. Clicktale marries cognitive computing, machine learning and psychological research to automatically surface issues and answer questions that keep executives up at night. ClickTale Ltd. was formed in 2006 and is based in Ramat-Gan, Israel.

Sell -
Mergr

Product

Company

Legal