Zurich – August 02, 2021 – Jacobs Holding, through Colosseum Dental Group (“CDG”), has reached an agreement with EQT and other minority stakeholders to acquire Curaeos, a leading European dental services provider with operations in the Netherlands, Italy, Germany, Denmark, and Belgium. With this acquisition, Jacobs Holding further strengthens its leading global dental services platform consisting of the pan-European Colosseum Dental Group and the North American Dental Group. With Curaeos, Jacobs Holding's global dental services platform will operate close to 800 clinics with more than 13,000 professionals and generate over EUR 1.5 billion in annual revenue.
Curaeos is an established and vertically integrated European dental services organisation headquartered in Oosterhout, the Netherlands. It provides the full range of high-quality general and specialist dental care under several renowned brands such as Curaeos, DentConnect and DentalCoop. Curaeos operates 186 clinics – 129 clinics in the Netherlands, 24 clinics in Italy, 15 clinics in Germany, 11 clinics in Denmark and 7 clinics in Belgium – as well as 54 dental labs. Curaeos will become part of Colosseum Dental Group and broaden the Group's footprint to the Netherlands and Belgium while expanding its leadership positions in Denmark, Italy and Germany.
"For Jacobs Holding, this is a significant next step in our strategy to be the leading global dental services provider. We indeed now offer quality dental care in the US and eleven European countries, with leading positions in most of the states and countries where we have a presence. Our expanded size and reach will allow us to further leverage our expertise, innovation, research, and education. Our ambition continues to be the fastest-growing global dental provider, which we achieve thanks to our focus on being the employer of choice for our dentists, hygienists and other professionals, as well as our focus on being the dental provider that offers the best service and value to our patients and customers”, comments Patrick De Maeseneire, CEO of Jacobs Holding.
“We are thrilled and excited to join forces with Curaeos and welcome all teams from Curaeos to Colosseum Dental Group. We look forward to collaborating with great professionals who share our values for the benefit of our patients and taking dental care to the next level. With its complementary geographic footprint and its performance-oriented, client-centric culture, Curaeos is a perfect fit for our group, and our combined medical and operational expertise together with our long-term strategic approach will allow us to continuously develop our high-quality care standards across our expanding group”, said Stefan Nilsson, CEO of Colosseum Dental Group.
Chris Cools, CEO of Curaeos, said: "Over the last three years, we have developed Curaeos into a leading European dental services platform in terms of growth, quality and efficiency with a unique culture and a well-invested scalable IT platform. To get to the next level, we are very excited to join Colosseum Dental Group and to become part of the leading and fastest-growing European dental services group for the benefit of all our patients, team members and shareholders. Together, we will be able to realise economies of scale and set new standards in the European market in terms of quality and innovation.”
The transaction was signed on July 30, 2021. No financial details have been disclosed.
Media Contacts
Colosseum Dental Group
Minna Lönnqvist, Head of Corporate Communications and Branding, Tel. +358 50 361 7316, contact email: communications@colosseumdental.com
About Jacobs Holding AG
Jacobs Holding is a global professional investment firm founded by late entrepreneur Klaus J. Jacobs, in which he bundled his entrepreneurial activities in 1994. Jacobs Holding invests with a long-term horizon in companies active in non-cyclical businesses which already have or aim for a leading market position and have further growth and value creation potential. The sole economic beneficiary of Jacobs Holding is the Jacobs Foundation, one of the world's leading charitable foundations for the promotion of development opportunities for children and young people. Since the foundation was established in 1989, more than CHF 650 million has been paid out cumulatively; in the last years the amount was around CHF 45 million per year.
About Colosseum Dental Group
Colosseum Dental Group is the leading European provider of high-quality dental services. The Group operates 375 dental practices in nine countries (Denmark, Finland, France, Germany, Italy, Norway, Sweden, Switzerland and the UK). These clinics generate revenues above EUR 730 million, and the Group employs more than 7500 professionals. Colosseum Dental Group's majority shareholder is Jacobs Holding, a global professional investment firm based in Zürich, Switzerland. Jacobs Holding has a long-term commitment to dentistry through its investment in Colosseum Dental Group in Europe and North American Dental Group in the US. The sole economic beneficiary of Jacobs Holding is the charitable Jacobs Foundation, which supports youth and child development on a global scale.
About Curaeos
Curaeos is a platform of dental clinics, with activities in the Netherlands, Germany, Italy, Belgium and Denmark. Curaeos is headquartered in the Netherlands and serves more than one million patients through its pan-European network of 186 clinics. Curaeos acts as a multi-functional service organisation for these clinics, allowing the dentists to fully focus on providing patients with the best possible care. Curaeos Shared Service Center supports and facilitates dentists with HR, Finance and administration, quality and care management, procurement, marketing and communication and general management.