Oris Dental Holding AS (“Oris Dental” or the “Company”), a leading Norwegian dental care provider with a nationwide portfolio of dental clinics and laboratories, will partner with Bridgepoint Development Capital to further support the Company’s growth plans.
Established in 2016 and headquartered in Trondheim, Oris Dental is a leading dental care provider with 25 dental clinics and 4 dental laboratories across Norway. Bridgepoint Development Capital will acquire a majority shareholding in Oris Dental and provide capital and support to allow the Company to expand and realise its ambitious growth plans.
"We are excited to have Bridgepoint on board, and we are confident that they are the best partner for us on our journey going forward. Our mission is to build the very best dental services platform for our customers and colleagues. With Bridgepoint coming in we are strengthened in our resolve and look forward to the next step of the journey" said Lars Melkvik, CEO of Oris Dental.
"We are very impressed by Oris Dental's journey to-date and the team who have built a nationwide portfolio of dental clinics and laboratories over the past three years. Today the Company has a leading position in the Norwegian dental market thanks to its focus on high-quality services and a dentist-centric model. Oris Dental has an ambitious agenda and we look forward to partnering with the Company to develop the business further." said Johan Dahlfors, Partner at Bridgepoint Development Capital responsible for its investment activities in the Nordic region.
Under new ownership, Oris Dental will continue to build on its position as a leading high-quality dental care provider in Norway with the ambition to grow both organically and through acquisitions.
The value of the transaction is not disclosed. The transaction is subject to approval by the Norwegian Competition Authority.
Advisers involved in the transaction included:
For the vendor: Wiersholm (legal), DNB (corporate finance), PwC (financial and tax) and LEK (commercial).
For Bridgepoint Development Capital: Schjodt(legal), Danske Bank (corporate finance), EY (financial, tax and pensions), Roland Berger (commercial) and Marsh (insurance).
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