Baar-Zug, Switzerland, 30 October 2015
Partners Group, the global private markets investment manager, has invested over USD 200 million on behalf of its clients to support the acquisition of US dental services provider Affordable Care, Inc. (ACI). Partners Group is the sole investor in the second lien term loan, as well as a significant equity co-investor alongside the acquirer Berkshire Partners LLC.
Headquartered in Raleigh, North Carolina, ACI was founded in 1975 and is now the largest denture- and implant-services provider in the US, supporting a network of more than 200 affiliated practices in 39 states under the retail names Affordable Dentures and Affordable Dentures & Implants. The company's affiliated practices offer a range of tooth replacement services including dentures, dental implants and tooth extractions. The company's unique, highly-focused business model enables dentists to provide high-quality, low-price dental prostheses and same-day service to over 400'000 patients annually.
Scott Essex, Managing Director and Co-Head Private Debt, says: "ACI has carved out a niche for itself as the market leader in the provision of dentures and dental implants, offering a unique service to both patients and dentists. Because of the strength of its brand, it has shown consistent growth and strong financial performance, even during the recent economic downturn. We believe ACI has solid potential for further expansion and are very pleased to support it in the next phase of its growth."