Procuritas Capital Investors IV divests Oral Care
Procuritas Capital Investors IV LP (“PCI IV” or “Procuritas”) has divested Oral Care Holding SWE AB (“Oral Care”) to Accent Equity 2012 (“Accent”)
Headquartered in Stockholm, Sweden, Oral Care is a leading company in the field of mobile dental care, primarily to elderly people living in specialized housing. In addition, Oral Care operates five dental clinics. In total, Oral Care performs over 90,000 treatments annually and has some 260 employees.
Under Procuritas ownership, Oral Care has transformed from an entrepreneurial organization to a professional player within the field of Swedish dental care. The group has expanded geographically and lately also been active in expanding its network of dental clinics.
“We are pleased to welcome Accent as the new majority owner of Oral Care. The company has good momentum, and we believe that Accent will add great value in further expansion. At the same time, I would like to thank Procuritas for the strategic and financial support during their ownership” says Niclas Palmstierna, CEO of Oral Care.
“During the past seven years, management has done a tremendous job in creating a professional and respected company in the Swedish dental market and we wish them all the best for the future. We are particularly proud of Oral Care’s unique mobile concept that gives elderly people access to dental care that would otherwise not be available to them due to illness or immobility. Today, Oral Care represents a solid platform for Accent to continue the growth path”, comments Mattias Feiff, Partner at Procuritas AB, advisor to PCI IV.