Harris Williams & Co. Ltd Advises the Shareholders of DPH Dental Partner Holding GmbH and Zahnstation GmbH on their Pending Sales to Nordic Capital

February 23, 2018

Harris Williams & Co. Ltd, a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces that it is advising AUCTUS Capital Partners (AUCTUS) on the pending sale of DPH Dental Partner Holding GmbH (DPH), a group of leading dental laboratories and service companies, as well as Zahnstation GmbH (Zahnstation), a fast-growing dental chain, currently operating a network of six dental clinics in the Cologne area, to Nordic Capital. The pending transactions are subject to closing and are being led by Jeffery Perkins, Lars Friemann, and Stephan Döring of Harris Williams & Co.’s Frankfurt office.

Dr. Nicolas Himmelmann, a partner at AUCTUS, stated, “Both DPH and Zahnstation represent true success stories in the dental services space. We are proud to have accompanied both companies on this part of their journey and are absolutely convinced that Nordic Capital is the right partner to support their growth. Harris Williams & Co. has been an excellent partner throughout the entire transaction supporting us with their hands-on approach and commitment to high quality work.”

Lars Friemann, a director at Harris Williams & Co., added, “This transaction complements our successful track record in the healthcare space and, in particular, the dental sub-sector. DPH and Zahnstation are undisputed leaders in the highly fragmented German dental services sector and we are delighted to have advised AUCTUS and the management teams on finding the right partner to continue their success stories.”

Dental Partner Holding is a leading European provider of high technology dental laboratory services, operating a countrywide network of 35 laboratories in Germany under the Flemming Dental brand together with three locations in Norway under the Artinorway brand. Founded in 1998, the company is headquartered in Hamburg with a technology center in Leipzig for the modern, digitally enabled manufacturing of dental prostheses. The company’s operations are based on the highest quality standards, comprehensive local services to dentists and efficient centralized manufacturing using the latest digital technologies.

Zahnstation is a fast-growing dental chain in Germany, currently operating a network of six dental clinics in the Cologne area. Zahnstation’s clinics offer a range of general and specialist dental treatments, with a focus on high quality care and patient convenience through extended opening hours and accessible locations. The company was acquired in October 2016 by AUCTUS with the goal to develop one of the leading dental chains in Germany. Under AUCTUS’ ownership, five new practices were opened within the last 12 months.

With approximately 150 transactions since 2001, AUCTUS is a leading private equity firm for the German-speaking SME sector (Mittelstand). For its performance, AUCTUS has repeatedly received awards as the best German private equity fund. AUCTUS seeks majority interests of companies in the context of buy-and-build strategies, succession and corporate spin-offs and provides growth capital to enterprises. The Latin word “AUCTUS” translates the entrepreneurial mind-set of focusing on “sustainable growth.” Together with the management teams, AUCTUS strives to increase the value of the portfolio companies by sales and earnings growth. With assets under management of more than €500 million, AUCTUS builds on a loyal investor base of renowned financial institutions, successful entrepreneurs and family offices. 

Nordic Capital is a leading private equity investor in the Nordic region with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a proven track record. Core sectors are healthcare, technology and payments, financial services, industrial goods and services and consumer and retail, and key regions are the Nordics, Northern Europe and globally for healthcare. Since inception in 1989, Nordic Capital has invested € 11 billion through eight funds. The Nordic Capital Funds are based in Jersey and are advised by advisory entities, which are based in Sweden, Denmark, Finland, Norway, Germany and the UK.

Harris Williams & Co. (www.harriswilliams.com), a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co. Ltd is a private limited company authorised and regulated by the Financial Conduct Authority, incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales under company number 07078852. Directors: Mr. Ned Valentine, Mr. Paul Poggi, Mr. Thierry Monjauze and Mr. Aadil Khan.

Harris Williams & Co. Ltd Niederlassung Frankfurt (German branch) is registered in the Commercial Register (Handelsregister) of the Local Court (Amtsgericht) of Frankfurt am Main, Germany, under registration number HRB 96687, having its business address at Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany. Permanent Representative (Ständiger Vertreter) of the Branch Niederlassung: Mr. Jeffery H. Perkins.