Showing posts with label JLL Crown Holdings LLC. Show all posts
Showing posts with label JLL Crown Holdings LLC. Show all posts

Sunday, March 04, 2012

JLL Partners Completes Acquisition of American Dental Partners–February 9, 2012


American Dental Partners Launches Syndication of Senior Secured Facilities

Published on Wednesday, 18 January 2012 15:16 
Trader Huddle
WAKEFIELD, Mass., Jan. 18, 2012 (GLOBE NEWSWIRE) -- American Dental Partners, Inc. ("American Dental Partners" or the "Company") today announced that it has launched the syndication of $241 million of senior secured facilities ("Senior Secured Facilities"), consisting of a $36 million revolving facility and a $205 million term loan. The proceeds from the Senior Secured Facilities, together with equity from JLL Partners Fund VI, L.P. and certain other investors, are being used to finance the acquisition of American Dental Partners and to pay certain fees and expenses.
KeyBank National Association ("KeyBank"), CIT Capital Securities ("CITCS") and NXT Capital, LLC ("NXT") will act as joint bookrunning managers of the debt financing.
This press release does not constitute an offer to purchase any securities or a solicitation of an offer to sell any securities.

American Dental Partners Stockholders Approve Merger Agreement

Published on Tuesday, 07 February 2012 15:15
Trader Huddle

WAKEFIELD, Mass., Feb. 7, 2012 (GLOBE NEWSWIRE) -- American Dental Partners, Inc. (Nasdaq:ADPI) announced that at a special meeting of stockholders held earlier today stockholders voted to adopt the previously announced merger agreement with JLL Crown Holdings, LLC, a Delaware limited liability company, and JLL Crown Merger Sub, Inc., a Delaware corporation, affiliates of JLL Partners, Inc. Under the terms of the merger agreement, upon consummation of the merger, holders of outstanding shares of common stock of American Dental Partners will receive $19.00 per share in cash.
At the meeting, the merger was approved by holders of 12,496,939 shares of the Company's outstanding common stock, and 3,702 shares voted against the merger.


JLL Partners Acquisition of American Dental Partners Creates Committed Partnership

February 09, 2012
Trader Huddle
On February 9, 2012, JLL Partners, Inc. completed its acquisition of American Dental Partners, Inc. American Dental Partners is now privately held and no longer listed on NASDAQ.
The deal creates a partnership committed to American Dental Partners’ core values and goals as well as a dedication to quality care and a long-term outlook. Both organizations will pursue a shared vision and work to enhance growth of American Dental Partners.
American Dental Partners will continue to be headquartered in Wakefield, Mass., and is one of the nation’s leading business partners to dental group practices. American Dental Partners is affiliated with more than two dozen dental group practices in more than twenty states across the country.
JLL Partners is a New York-based, leading private equity investment firm. Their investment philosophy is to partner with outstanding management teams and invest with them in companies that can continue to grow into market leaders. JLL Partners has a special focus on healthcare services in addition to financial and business services. More information on JLL Partners (Joseph, Littlejohn, & Levy)is available at

American Dental Partners “Affiliates”

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