August 25, 2014
Thierry de Sépibus, Damian Stricker, Nicola Sprenger
Sale of Adent Cliniques Dentaires to Hesira Group
Adent Cliniques Dentaires SA (Adent), a Swiss owner and operator of dental clinics, owned by SEC Partners (SEC), a Swiss private equity firm, was sold to Hesira Group Limited (Hesira), a pan-European dental clinics group based in London and a portfolio of Oaktree Capital Group, LLC (Oaktree), a listed American private equity firm.
Adent operates nine dental clinics and a dental laboratory in Switzerland. The acquisition is in line with Adent’s strategy to accelerate expansion via clinic acquisitions and greenfield developments. Also, the transaction will enable Hesira to extend its operations into a third European territory, with the entry into Switzerland adding to existing operations in the Netherlands and Poland.
Following the acquisition, the current management team of Adent, led by CEO Dr Jean-Louis Vaez-Olivera, will remain with the business. The terms of the transaction were not disclosed.