VAM Investments realizes 5.3x (104% IRR) on its 2012 DentalPro investment and re-deploys 12m euro in a leveraged buyout transaction alongside Summit Partners

VAM Investments realizes 5.3x (104% IRR) on its 2012 DentalPro investment and re-deploys 12m euro in a leveraged buyout transaction alongside Summit Partners

02/04/2015
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VAM Investments announces that it has acquired, through the dedicated investment vehicle VAM DP Invest s.r.l., a significant minority stake in DentalPro srl, in a leveraged buyout transaction where VAM deployed 12 million euro of equity.
In the same transaction, growth equity investor Summit Partners acquired a controlling stake of Dental Pro.

VAM was already a shareholder of DentalPro, having initially invested in the company in 2012. With this transaction, VAM has returned to early investors an average 5.3x (104% IRR) on their investment, and has now renewed its support of DentalPro with a new round of investment, coming both from early investors who chose to re-invest and from new investors who are coming in at this stage.

Founded in 2010 by Michel Cohen, headquartered in Milan, DentalPro (www.dentalpro.it) owns and operates 30 full-service clinics across Italy, most of which are located in shopping malls. Each conveniently located clinic provides full range of high-quality dental services from general dentistry to the more sophisticated implants, prosthesis and orthodontics. DentalPro partners with local dentists and provides them with comprehensive practice management support as well as training, which allows dentists to focus on providing high-quality care. Today, more than 200 dentists are part of the DentalPro network.

Summit Partners, with 30 years of successful investment experience on a global scale, brings to DentalPro specific expertise in building businesses across the healthcare services industry. Summit will be a valuable addition to the local knowledge and insight on the business that VAM will continue to provide.
DentalPro founder, Michel Cohen, will remain in control of a large minority stake and is committed to continue leading the tremendous growth of the business as its CEO.
Marco Piana, VAM Investments co-founder, will continue serving on DentalPro board of directors.

VAM Investments was assisted on this transaction by Luca Cuomo of legal firm Pavia e Ansaldo .

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VAM Investments is the private equity investment company founded by Marco Piana and Ennio Valerio Boccardi that specializes in growth capital and buyout investments. VAM company portfolio today also includes the online travel agency Yalla Yalla (www.yallayalla.it), the online marketplace for B2C fashion goods sales (www.privategriffe.com), and the revolutionary motor chair maker Genny Mobility (www.gennymobility.com).