The number of practices in the hands of investors is increasing.
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Frankfurt The next billion-dollar deal is looming in the German clinic market: according to financial circles, the Swedish financial investor Nordic Capital is preparing its European dental clinic chain European Dental Group (EDG) for a sale. The German brand Dein Dental with more than 100 locations is part of it.
Goldman Sachs, an investment bank working for Nordic Capital, has recently sent out initial information packages on EDG to potential bidders, according to people familiar with the situation. EDG has an annual operating profit (Ebitda) of around 120 million euros and could be valued at more than 1.5 billion euros in a deal, it said. Nordic Capital, EDG and Goldman Sachs all declined to comment.
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