Grand Opening on June 30, 2012 for a new “SmileBest Dental in San Antonio.
SmileBest is really Western Dental - P.O. Box 14226, Orange, CA 92863
The..(clearing throat and trying not to choke)… “owner” is Soumava Sen, D.D.S
See press release here
Media contact:
WesternDentalPR@gmail.com
Kurt Hilzinger, Partner, Court Square – is on the board of Western Dental – see here, pg 11.
May 30, 2012
Western Dental mandates Jefferies for sale process
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/2/65a120a2-aa4e-11e1-8b9d-00144feabdc0.html#ixzz1z1mjNHpZ
Western Dental Services, the private dental clinic chain, has mandated Jefferies for a sale process, a source familiar with the matter and an industry banker told mergermarket.
The Orange, California-based company generated USD 71m in EBITDA for 2011, said the source familiar. Books have been distributed to potential bidders, but a first round bid date has not yet been set, the source said.
Western Dental will appeal to private equity firms, said the banker and the source. Jefferies has been reaching out to private equity firms regarding the sale, said the banker.
The company was acquired by Court Square Capital Partners, formally known as Citicorp Venture Capital, in 2005. This news service previously reported that Court Capital was one of the bidders in the final round of the previous process for the company in 2005, at which time Western Dental had USD 45m in EBITDA and was said to be selling for a multiple of 8.2x EBITDA, according to previous reports by this news service.
