Dentalcorp Announces Closing of Acquisition by Investment Funds Affiliated with GTCR

Core Viewpoint - Dentalcorp Holdings Ltd. has successfully completed a statutory plan of arrangement, resulting in the acquisition of all issued and outstanding shares by an acquisition vehicle affiliated with GTCR LLC for C$11.00 per share, valuing the company at approximately C$2.2 billion in equity and C$3.3 billion in enterprise value [1] Transaction Details - The transaction involved the acquisition of all subordinate voting shares and multiple voting shares, with certain shareholders rolling over a portion of their shares into a new capital structure [1] - Following the transaction, the subordinate voting shares are expected to be delisted from the Toronto Stock Exchange, and the company will apply to cease being a reporting issuer in Canada [2] Shareholder Actions - Registered shareholders are required to submit a completed Letter of Transmittal along with their share certificates to receive cash consideration [4] - Non-registered shareholders will receive their entitled consideration through their intermediaries without needing to submit a Letter of Transmittal [5] Ownership Changes - Prior to the transaction, Graham Rosenberg held 100% of the multiple voting shares and 30.2% of the total voting power, and after the transaction, he and the Limited Partnership own approximately 3.0% of the equity in the resulting private company [8][9] - LC8 DCC Investment Borrower, L.P. owned approximately 36.4% of the subordinate voting shares before the transaction and received C$769.1 million in cash for their shares [11] Company Overview - Dentalcorp is recognized as Canada's largest dental practice network, focusing on delivering high-quality clinical outcomes and experiences while allowing dental professionals to maintain clinical autonomy [12] - The company aims to grow through strategic acquisitions and leveraging industry-leading technology [12] GTCR Overview - GTCR is a prominent private equity firm that has invested over $30 billion in approximately 300 companies since its inception, focusing on transformative growth in various sectors [13]