Partners Group invests over USD 200 million in US dental services provider Affordable Care, Inc.
Press release
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."
About Partners Group
Partners Group is a global private markets investment management firm with over EUR 42 billion (USD 47 billion) in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland, and has offices in San Francisco, Houston, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Shanghai, Seoul, Tokyo and Sydney. The firm employs over 800 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a major ownership by its partners and employees.
Investor relations contact
Alexander von Wolffradt
Phone: +41 41 784 66 45
E-mail: [email protected]
Media relations contact
Jenny Blinch
Phone: +41 41 784 65 26
E-mail: [email protected]
Press release
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."
About Partners Group
Partners Group is a global private markets investment management firm with over EUR 42 billion (USD 47 billion) in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland, and has offices in San Francisco, Houston, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Shanghai, Seoul, Tokyo and Sydney. The firm employs over 800 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a major ownership by its partners and employees.
Investor relations contact
Alexander von Wolffradt
Phone: +41 41 784 66 45
E-mail: [email protected]
Media relations contact
Jenny Blinch
Phone: +41 41 784 65 26
E-mail: [email protected]