Charlesbank Capital Partners, a middle-market private investment firm, announced that an affiliated fund has made a significant growth investment in MB2 Dental, acquiring a majority interest from funds affiliated with Sentinel Capital Partners and management.
Founded in 2007, MB2 Dental is a dental partnership organization with affiliated practices across 24 states. The remaining stake in MB2 is held by CEO and founder, Dr. Chris Steven Villanueva, management and its doctor owners, who reinvested a substantial percentage of their equity.
Brandon White, managing director at Charlesbank, says, “We see significant M&A opportunity in the fragmented dental services market, and we believe that our investment will enable MB2 to accelerate its proven acquisition strategy as well as continue to develop its suite of shared services to support value creation.”
KKR & Co. led the debt financing for the transaction. Moelis & Co. served as lead financial advisor to MB2, with Kirkland & Ellis, Nixon Peabody and Polsinelli serving as legal counsel in connection with this transaction. Charlesbank was represented by Goodwin Procter as legal counsel.