The Jordan Company Buys Dental365

Posted on 07/27/2021

The Jordan Company, L.P., through The Resolute Fund V, L.P., agreed to buy Dental365, a New Hyde Park, N.Y.-based dental services group from the founding shareholders and current investor Regal Healthcare Capital Partners, L.P. Various outlets are reporting the deal was for US$ 440 million. Regal Healthcare Capital Partners and its founders, Dr. David Kim and Jon Santemma, will remain minority investors in Dental365. The transaction is expected to close in August 2021. Founded in 2014 by Dr. Asnis and Dr. Kim, Dental365 is a dental service organization. New York-based growth equity and buyout firm Regal Healthcare Capital Partners focus exclusively on lower-middle market healthcare services companies.

Dental365 employs over 165 dentists and 800 staff members.

Kirkland & Ellis LLP acted as legal advisor to TJC. Ropes & Gray LLP acted as legal advisor and Jefferies LLC through its Global Essential Outpatient Healthcare franchise served as exclusive financial advisor to Dental365.

In August 2019, Regal Healthcare Capital Partners announced the first and final closing of its second private equity fund, RHCP II, L.P. at the hard cap of US$ 165 million. DLA Piper served as legal counsel to Regal Healthcare Capital Partners. Regal did not use a placement agent. Regal Healthcare looks for companies that have revenue between US$ 10 million to US$ 50 million.

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