The investment firm, along with Alter Capital and the CEO, will drive the Sevillian company's expansion to 200 clinics.
By Rafael Ortega Camacho
••3 min read
IA
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Investment firm Metric Capital Partners has completed the acquisition of Dental Company, a dental clinic group based in Seville, in a joint operation with Alter Capital and the company's CEO, Francisco Ruiz.
Metric Capital Partners, a pan-European investment firm, has finalized the purchase of Dental Company, one of Spain's leading dental clinic groups. The transaction was carried out in consortium with Alter Capital, one of the current investors, and the company's CEO, Francisco Ruiz. The majority shareholders, Otium and Headway Capital Partners (via Alter Cap II SCR), have divested their stakes.
Dental Company, founded in 2009 and headquartered in Seville, currently operates 130 clinics across Spain. It offers services including implantology, orthodontics, and general dentistry. After starting its operations in Andalusia, the company has experienced rapid expansion, integrating over 50 clinics in the last three years through acquisitions and new openings.
The consortium plans to make investments to support Dental Company's next growth phase, aiming to reach 200 clinics by 2028. This will be achieved through new center openings and selective acquisitions, leveraging the team's talent, technology, and care capacity.
This deal marks the sixth investment from Metric's Fund V and its third in the healthcare sector. It represents Metric's eighth investment in Spain, where it has committed over 400 million euros. Alter Capital, meanwhile, completes the divestment from its Alter Cap II fund, achieving a return equivalent to double the invested capital. The new investment is made through Alter Cap III.
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"Our investment in Dental Company aligns with Metric's strategy to strategically expand its presence in the healthcare services sector, backing high-quality platforms that are well-positioned to sustain consistent growth and achieve long-term success."
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"Our investment in Dental Company reflects our full confidence in the management team, the platform's growth potential, and the sector's favorable dynamics. We look forward to collaborating closely with the management team to drive the company's future development."
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"Re-investing in the company was a natural decision. We maintain our firm commitment to supporting the team in this new phase of innovation and growth, aiming to continue generating sustainable long-term value."
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"We are in an ideal position to drive our growth strategy while reinforcing the company's long-term financial stability."
Metric was advised legally by Linklaters, while Alter Capital and Francisco Ruiz were advised by Deloitte. The due diligence process was conducted by L.E.K. Consulting, PwC Spain, Bécquer Abogados, and Garrigues. The sellers were advised by Deloitte and EY-Parthenon, with Arcano acting as financial advisor.
Metric Capital Partners is a leading pan-European private equity firm with over 3.7 billion euros in capital raised and offices across several European countries. Since 2011, it has completed 50 investments. Alter Capital is a private equity firm specializing in Spanish SMEs, based in Seville, managing over 100 million euros with a portfolio of 15 companies.
