Proclinic Group expands European presence with Dentalair acquisition
Deal News | Nov 08, 2024 | Miura Partners
Proclinic Group, a leading dental solutions provider backed by Miura Partners, is expanding its European presence by acquiring Dentalair, a Dutch dental distributor. Founded in 1964 in Dordrecht, Netherlands, Dentalair provides consumables, technical equipment, and specialized clinic design and construction services. This acquisition is part of Proclinic's strategy to enhance its distribution network and solidify its position as a primary dental supplier in key European markets. Proclinic plans to leverage Dentalair's strategic warehouse location in Dordrecht to improve delivery capabilities across Benelux, Germany, and the Nordics. Once integrated, Proclinic anticipates achieving a combined turnover of €400 million in 2024. The transaction awaits approval from the Netherlands Authority for Consumers and Markets and involves advisory support from several firms, including KPMG and Deloitte. Miura Partners, the supporting private equity firm, is focused on sustainable and international investments in small and medium-sized companies, and this acquisition aligns with their strategic objectives.
Sectors
- Dental Solutions
- Private Equity
- Mergers and Acquisitions
Geography
- Netherlands – Dentalair is based in Dordrecht, Netherlands, which is a key focus in the expansion.
- Spain – Proclinic operates from Zaragoza, Spain, and Miura Partners is headquartered in Barcelona and Madrid.
- Europe – The acquisition is part of Proclinic's strategy to strengthen its presence across multiple European regions, including Benelux, Germany, and the Nordics.
Industry
- Dental Solutions – The acquisition involves providers of dental equipment, consumables, and services, highlighting their role in the dental industry.
- Private Equity – Miura Partners, a private equity firm, is backing Proclinic's acquisition, showcasing activity in this financial sector.
- Mergers and Acquisitions – The article revolves around the acquisition of Dentalair by Proclinic, a significant M&A transaction.
Financials
- 75 million – Reported revenues of Dentalair in 2023.
- 400 million – Combined anticipated turnover of Proclinic and Dentalair in 2024 post-integration.
- 1.5 billion – Total assets managed by Miura Partners.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Proclinic Group | Acquirer | Company | A leading provider of dental solutions across Europe, backed by Miura Partners. |
| Dentalair | Target Company | Company | A Dutch dental distributor specialized in consumables and technical equipment. |
| Miura Partners | Private Equity Firm | Company | A private equity firm providing financial backing for Proclinic's acquisition of Dentalair. |
| Netherlands Authority for Consumers and Markets (ACM) | Regulatory Body | Government | The government body responsible for approving the acquisition transaction. |
| KPMG | Advisory Firm | Company | Provides advisory support for the acquisition deal. |
| Marktlink | M&A Advisor | Company | Provides M&A advisory services for the transaction. |
| Baker McKenzie | Legal Advisor | Company | Provides legal advisory services for the acquisition. |
| NautaDutilh | Legal Advisor | Company | Another legal advisor for the transaction, working alongside Baker McKenzie. |
| Deloitte | Due Diligence Advisor | Company | Responsible for due diligence in the acquisition process. |
| Manuel Alfonso | CEO of Proclinic Group | Person | CEO of the acquiring company, Proclinic Group. |
| Harald Hagesteijn | Shareholder of Dentalair | Person | One of the shareholders of the target company, Dentalair. |
| Max Hagesteijn | Shareholder of Dentalair | Person | One of the shareholders of the target company, Dentalair. |