Introduction
Provectus Capital Partners, an investment company from Croatia, has acquired a majority stake in Salona Dental, one of the leading dental polyclinics in Dalmatia, Croatia. GRUBISIC & Partners Corporate Finance acted as an exclusive financial advisor to the management and shareholders of Salona Dental in the transaction process.
Information about the Acquirer
Provectus Capital Partners (PCP) is an independent investment company focused on investing in established, fast growing and profitable companies in SEE. PCP investments are based on strong partnership with management and owners and on implementation of best corporate governance standards. In partnership with management teams, PCP defines strategy, implements long term financing structures and recruits executive talent. Average investment ranges between EUR 5-15 million, ranging from a large minority position to controlling majority ownership with a long-term perspective.
Information about the Target
Salona Dental is one of the leading dental polyclinics in Dalmatia, Croatia, with headquarters in Solin. The company has positioned itself as a complete dental center, providing a wide range of dental services in periodontology, implantology, prosthetics, pediatric dentistry, orthodontics, endodontics, oral surgery, and cosmetic dentistry. Salona Dental’s team consists of 35 employees, whereas polyclinic premises include 10 modern and fully equipped treatment rooms and dental laboratory.
Transaction rationale
With the acquisition of Salona Dental, Provectus Capital Partners has marked its 2nd acquisition within the dental sector, forming Adria Dental Group, the first regional dental group which will serve as the holding for the prospective consolidation of the dental sector.
