Comvest Credit Partners, the direct lending platform of Comvest Partners, has acted as administrative agent and sole lender on a $153 million senior secured credit facility for Oak Dental Partners, an Atlanta-based dental service organization.
Founded in 2015, Oak Dental focuses on the acquisition and development of pediatric, family dental and orthodontic practices located primarily in the southeast. Oak Dental currently partners with 55 affiliated practices across nine states, providing a suite of non-clinical business support services. The financing will be used to refinance the company’s existing debt and support near-term acquisitions.
“We are pleased to provide Oak Dental with a tailored financing solution that addresses the company’s current needs and provides capital for its future growth initiatives,” comments Dan Lee, a partner at Comvest.