Jacobs Holding is pleased to announce that it has reached an agreement with Dr. Haleh Abivardi and Dr. Golnar Abivardi as well as EQT Mid Market to acquire swiss smile, a leading provider of high quality private dental care in Switzerland. Dres. Abivardi remain invested and actively engaged in swiss smile. Financial terms of the transaction have not been disclosed.
Swiss smile is headquartered in Zurich and was founded in 2002 by the dentists and entrepreneurs Dr. Haleh Abivardi and Dr. Golnar Abivardi. The company operates eleven clinics in Switzerland, provides a full range of dental care and services, and differentiates itself through a strong brand, high medical standards, convenient opening hours, a modern infrastructure and an outstanding patient experience.
With swiss smile, Jacobs Holding, which earlier this year acquired Colosseum Smile in Scandinavia and Southern Dental in the UK, pursues its journey to build the leading pan-European dentistry group. The company focuses on providing excellent dental care for the benefit of patients, dentists, employees and other stakeholders alike. At present the group operates more than 140 clinics and over 650 dentists.
Haleh and Golnar Abivardi, founders of swiss smile, stated: “Finding a home for the dentistry chain we created and successfully developed over the last 15 years has been a key objective for us. With Jacobs Holding, we have found a partner with a long-term, sustainable investment proposition and a unique track record in building global leaders. Moreover, the sole economic beneficiary is the Jacobs Foundation, a charitable institution. This is a dream solution for us. We continue to be invested and engaged and work with management to further improve the company’s service offering and expand the clinic network.”
Patrick De Maeseneire, CEO of Jacobs Holding, commented: “Our clear ambition is to build Europe’s leading dentistry group. With the acquisition of swiss smile, we have taken another important step towards achieving this ambition and acquired a strong brand to further build upon.”
Tomas Aubell, currently Chief Investment Officer at Jacobs Holding, will be appointed CEO of the newly formed dentistry group as of 1st July 2017, while Franz Maier, CEO of swiss smile, will continue to lead the Swiss operations. The group company will have its headquarters in Zurich. The transaction is expected to close at the end of June 2017