Funds managed by Blackstone Tactical Opportunities (NYSE: BX) have invested in Deca Dental Group, a dental services organization,
Sulman Ahmed, founder and chief executive officer of Deca Dental Group, said, “We are thrilled to partner with Blackstone for Deca next phase of growth. We founded the company to transform dentistry, offering clinicians the systems and support they need to focus on what really matters: providing quality patient care. Blackstone’s capital and resources will allow us to further expand this proven model nationwide.”
Todd Hirsch, a senior managing director at Blackstone, said, “Dr. Ahmed and his team have created a first-rate experience for both clinicians and patients. We believe Deca has a differentiated platform because the Company was founded and is led by outstanding dentists. Their success expanding into new markets organically, through de novo offices, and through affiliations is a testament to the power of their patient-first model. We are excited to support Deca’s expansion across the U.S.”
Houlihan Lokey acted as the company’s financial advisor. Weil, Gotshal & Manges LLP acted as Blackstone’s legal advisor.