PPM Capital ("PPM"), a mid-market private equity specialist, has
acquired 100% of shares in Prodent International d.o.o. ("Prodent")
through its holding European Dental Partners ("EDP"). Prodent, the
Slovenian market leader in dental distribution, is the fourth add-on
in the first 12 months made by EDP, which acts as a strategic
platform in the European dental industry. All parties have agreed to
keep the purchase price confidential.
Prodent, headquarted in Ljubljana, is the undisputed number 1 in the
Slovenian dental market with a share of approx. 30%. The company also
holds a strong position in Croatia through its subsidiary Dentatus.
The Slovenian market for dental distribution is expected to grow
particularly fast in the next four years, mainly due to the
increasing degree of privatisation in the sector.
The acquisition of Prodent underlines PPM's commitment to its Buy &
Build strategy. The objective is to develop EDP into a pan-European
player in the dental industry. Prodent is the fourth acquisition
within a year made by EDP. It follows the acquisition of InteraDent,
a Lübeck-based company which operates South-East Asia's largest
dental laboratory, as well as Dentamed and Stomatol (both
headquartered in Prague). At the heart of EDP is the M&W group,
Germany's leading specialised mail order company for dental
consumables and small appliances, which is based in Büdingen and
operates companies in Austria, Switzerland and Hungary.
PPM and EDP place great emphasis on management continuity: the
fast-growing business will continue to be led by the existing
management team. "Prodent is a brilliant strategic fit for the entire
group in several respects," says Horst Trimborn, Chairman of EDP.
"The management has excellent contacts to the central and east
European countries, so that we can significantly strengthen our
market presence in these growth regions".
Guido May, Managing Director of PPM Capital GmbH comments: "The
acquisition of Prodent is a continuation of our Buy & Build strategy
of strengthening our investments through external acquisitions to
build the value of the company." PPM has demonstrated the success of
this strategy with companies such as the Barracuda Group and The
Astron Group, both of which grew substantially through acquisitions
under PPM's ownership.
PPM was advised by PwC (Financial/Tax) and Skadden Arps (Legal).
-End-
Approved by PPM Capital Limited; PPM is authorised & regulated in the
UK by the Financial Services Authority.
For further information please contact:
Guido May
Managing Director PPM Capital
Andreas Holtschneider
Associate PPM Capital
Tel.: +49 (0)89 2388 96 0
For German media enquires:
Ulf Ziegler
fischerAppelt, ziegler
Tel.: +49 (0)40 899 699 0
Notes on PPM
PPM Capital is a leading source of private equity finance for
mid-market transactions and has more than ¤2 billion of allocated
funds available for investment. An established office network
operates in London, Munich, Paris and Chicago with 25 local
investment professionals.
Although PPM's investment portfolio is broadly based, the firm has
established a reputation for its expertise in the healthcare, retail,
leisure, business and financial services sectors and a number of
successful investments have recently been completed.
Recent Investments
- ¤176.5 million acquisition of orizon AG from GL AG in 2007
- Acquisition of Intradent Zahntechnik AG in 2006
- GBP 107.5 million acquisition of Paramount Restaurants from
Starlight in 2006
- GBP 183 million acquisition of Azzurri Communications from 3i in
2006
- ¤230 million acquisition of Histoire d'Or from Apax-Partners in
2006
Recent Divestments
- ¤1.3 billion sale (together with Triton) of Phadia to Cinven in
2006
- Sale of BST Safety Textiles to the WLRoss Group in 2006
- Sale of OREFI Participation to Investcorp in 2006
PPM Capital Limited is the private equity arm of Prudential plc.
www.ppmcapital.com