RASK consults BaltCap in acquiring leading dental care provider in Estonia.
Case
RASK advised the Baltic’s leading private equity and venture capital firm BaltCap on aquiring a majority shareholding in Dental Invest Estonia – Estonia’s leading dental care provider.
As a result of the transaction, BaltCap Private Equity Fund II, led by BaltCap, shall acquire a 56% shareholding in the Dental Invest Estonia group. The rest of the shareholding shall be split between the management and leading doctors. Among other things, Rask carried out a legal due diligence and was responsible for the transaction documentation.
BaltCap Private Equity Fund II (BPEF II) makes equity investments in innovative companies based in the Baltic region focusing on buy-and-build opportunities. BPEF II was established in cooperation with the European Investment Fund (EIF) involved in the project through the Baltic Innovation Fund (BIF). The BIF is an initiative created by cooperation between the Republic of Estonia, the Republic of Latvia, the Republic of Lithuania and EIF.
Dental Invest Estonia group of companies aim to offer patients a complete treatment approach including dental care, sleep medicine and myofunctional treatment. The group has 190 employees and 8 clinics across Estonia. Its main subsidiaries include Ortodontiakeskus OÜ, Dental Design OÜ and Dental Export OÜ. In March 2015, DIE opened a new state-of-the-art clinic in Lelle Street 24, Tallinn. In 2016, the group plans to launch a similar new clinic also in Tartu.
As a result of the transaction, BaltCap Private Equity Fund II, led by BaltCap, shall acquire a 56% shareholding in the Dental Invest Estonia group. The rest of the shareholding shall be split between the management and leading doctors. Among other things, Rask carried out a legal due diligence and was responsible for the transaction documentation.
BaltCap Private Equity Fund II (BPEF II) makes equity investments in innovative companies based in the Baltic region focusing on buy-and-build opportunities. BPEF II was established in cooperation with the European Investment Fund (EIF) involved in the project through the Baltic Innovation Fund (BIF). The BIF is an initiative created by cooperation between the Republic of Estonia, the Republic of Latvia, the Republic of Lithuania and EIF.
Dental Invest Estonia group of companies aim to offer patients a complete treatment approach including dental care, sleep medicine and myofunctional treatment. The group has 190 employees and 8 clinics across Estonia. Its main subsidiaries include Ortodontiakeskus OÜ, Dental Design OÜ and Dental Export OÜ. In March 2015, DIE opened a new state-of-the-art clinic in Lelle Street 24, Tallinn. In 2016, the group plans to launch a similar new clinic also in Tartu.