Colosseum Dental Group (“Colosseum”) is pleased to announce to have reached an agreement to acquire Oral Hammaslääkärit Plc (“Oral”) from a group of investors led by CapMan. Oral is the leading Finnish private dentistry chain with 63 clinics and sales close to EUR 100M. Financial terms of the transaction have not been disclosed.
Together with Oral, Colosseum is expected to have sales of around EUR 350M and will operate more than 200 clinics in Finland, Norway, Sweden, the UK, Switzerland, Italy and Denmark, further pursuing its journey to build a leading pan-European dentistry group.
“We are delighted to become part of the Colosseum Dental Group. The company has a long-term mandate to build a strong European dentistry platform. This allows us here in Finland to continue building a great local business with high quality offering for both patients and dentists. We will continue to improve oral health in Finland as we have done for the past 35 years. Oral´s strong brand will prevail in Finland and our employees and dentists will have even more opportunities to develop their know-how in the future through the opening-up of opportunities for international exchange. We see the acquisition as a very positive opportunity for our service development in the years to come”, says Martin Forss, CEO of Oral.
“With Oral we both reach a group of highly competent new colleagues, as well as gain access to forefront know-how around how to run many of our processes in a more advanced manner that we can leverage across other geographies. Our vision of modern, high quality dentistry for the benefit of patients, dentists and employees fits well with what management wants to accomplish. We are certain that the increased scale of the new company will be for the benefit of all stakeholders.”, says Tomas Aubell, CEO of Colosseum.
“Oral will in my mind fit very well into Colosseum Dental Group, who will continue to support the company in its future development and further build on the strengths of the business and its ongoing initiatives. It has been an honour to be part of Oral’s development, and I would like to offer my sincere thanks to the company’s management, the dental care professionals and all its employees,” says Jan Mattlin, Partner at CapMan Buyout and responsible for the investment in Oral.
Colosseum will continue to support management with its development of the company and we are delighted to announce that Martin Forss and his team have agreed to continue to run Oral also after the transaction.
About Colosseum Dental Group
Colosseum Dental Group strives to become the leading European provider for dentistry services, based on a commitment to quality dental care. With the acquisition of Oral, Colosseum now operates more than 200 clinics with 900 dentists across Finland, Norway, Sweden, the UK, Switzerland, Italy and Denmark. The group wants to provide modern, quality dentistry services for the benefit of patients, dentists, employees and shareholders alike, striving for continuous growth and excellence.