The Jordan Co. LP, through The Resolute Fund V LP, agreed to buy Dental365, a New Hyde Park, N.Y.-based dental services group from the founding shareholders and current investor Regal Healthcare Capital Partners LP. Various outlets are reporting the deal was for $ 440 million.
Regal Healthcare Capital Partners and its founders, Dr. David Kim and Jon Santemma, will remain minority investors in Dental365. New York-based growth equity and buyout firm Regal Healthcare Capital Partners focus exclusively on lower-middle market healthcare services companies.
Kirkland & Ellis LLP acted as legal advisor to TJC. Ropes & Gray LLP acted as legal advisor and Jefferies LLC through its Global Essential Outpatient Healthcare franchise served as exclusive financial advisor to Dental365.