PE Deals

Oakley Capital to carve out Flemming Dental, Excent, Artinorway Group

EDG is a pan-European oral care and services provider based in Hilversum, the Netherlands.

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  • Oakley will work with management to establish Flemming Dental, Excent, and Artinorway Group as an independent business
  • European Dental Group, backed by Nordic Capital, is the seller
  • Oakley Capital is a private equity investor that focuses on mid-market companies across Europe

Oakley Capital, via Oakley Capital V, has agreed to acquire Flemming Dental, Excent, and Artinorway Group in a carve-out from European Dental Group (EDG) to form a dental laboratories group in Europe.

Flemming, Excent and Artinorway provide a range of services, including the design and manufacture of dental prostheses and orthodontics, utilising technology including CAD software, computer-aided milling and 3D printing. It currently services around 5,000 clinics across nearly 70 dental laboratories throughout Europe.

Oakley will work with management to establish Flemming Dental, Excent, and Artinorway Group as an independent business.

Oakley and the management team’s collaboration will see the execution of a growth strategy, driven by organic growth, international expansion and targeted M&A, according to a release.

“This is a key inflection point for the dental laboratory industry, with rapid digitalisation poised to revolutionise dental design and manufacturing, and patient care,” said Peter Dubens, Oakley Capital managing partner and co-founder. “We look forward to working closely with Hidde Hoeve and the management team as we establish Flemming Dental, Excent, and Artinorway Group as an independent company and leverage transformational new technologies to unlock its full potential for future growth.”

EDG is backed by Nordic Capital.

EDG is a pan-European oral care and services provider based in Hilversum, the Netherlands.

Flemming is based in Hamburg, Germany, Artinorway has offices in Oslo, and Trondheim in Norway, and Excent is based in the Netherlands.

Oakley Capital, based in London, is a private equity investor that focuses on mid-market companies across Europe.

Nordic Capital is a private equity investor based in Stockholm, Sweden.