June 27, 2019
123Dentist, Canada’s largest majority Canadian-owned network of dental practices, today announced that it has raised $425 million, including $300 million in committed growth capital and a further $125 million accessible from both equity and debt partners. The funds received, which will be used to accelerate 123Dentist’s expansion program, include an equity investment from private equity firm Peloton Capital Management and a refinancing of 123Dentist’s existing syndicated credit facilities co-led by Royal Bank of Canada and Bank of Montreal.
With this injection of strategic capital, 123Dentist will accelerate its expansion across Canada to complement its existing network of over 70 practices in Ontario, British Columbia, Alberta, Manitoba, and Quebec; and further strengthen its back office, marketing, and operational capabilities for its partners.
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