L Catterton’s dentalcorp closes US $908M debt financing

Dentalcorp Health Services ULC, a portfolio company of L Catterton, has completed a US $908 million debt financing.

Proceeds will be used to refinance the company’s existing debt facilities and support its growth agenda.

Jefferies Finance LLC acted as Administrative and Collateral Agent, and together with Canadian Imperial Bank of Commerce and The Toronto-Dominion Bank as Joint Lead Arrangers and Bookrunners.

In April 2018, L Catterton acquired Dental Corporation of Canada Holdings, Canada’s largest network of dental clinics, through a recap buying controlling stake from Imperial Capital Group Ltd. and OPTrust Private Markets Group which remain as minority shareholders.

With over 250 separate locations servicing more than 2.5 million patient visits a year, dentalcorp is focused on acquiring and partnering with leading, growth-oriented general and specialist dental clinics across Canada.

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.