Carlsquare acted as the exclusive debt advisor to Apheon, a pan-European mid-market private equity firm, on the acquisition financing of Hager & Meisinger Group (“H&M” or the “Group”), a provider of premium dental instruments under the Meisinger and Jota brands. This follows Carlsquare’s successful M&A advisory role in Apheon’s acquisition of H&M, with the SPA signed earlier this month.
Apheon is a pan-European mid-market private equity firm with ~ EUR 4.5 billion of assets from global institutional investors and families, that partners with entrepreneurs, families and management teams to accelerate growth and transformation. It supports its portfolio companies through strategic guidance, an international network and buy-and-build expertise.
Founded in 1888 and headquartered in Neuss, Germany, H&M is an independent legal manufacturer of branded premium, high-precision dental rotary instruments and related workflow solutions. Together with Jota AG, based in Rüthi, Switzerland, the Group offers more than 12,000 product references across Rotary Instruments, Bone Management, Implantology and Digital Dentistry, with particular strengths in diamond and carbide instruments. Its vertically integrated manufacturing operations in Germany and Switzerland underpin the Group’s engineering expertise, product quality and strong German and Swiss manufacturing credentials. Through its international distribution network, H&M serves dental practices, oral surgeons and laboratories in more than 100 countries.
“This milestone marks an important step for H&M, a leading manufacturer of dental consumables. The successful LBO financing includes a substantial committed undrawn facility to fund future add-on acquisitions, giving the company a strong platform for its next phase of growth. Demand for dental care is set to benefit from rising awareness of treatment options, improved access to care, and growing adoption of dental care supplies worldwide. Carlsquare brought strong execution capabilities and exceptional commitment to the process, even under a demanding timetable. We sincerely thank Carlsquare for its advice and excellent partnership in achieving this result.” – Nils Lüssem, Partner, Apheon
As the exclusive financial advisor to Apheon, Carlsquare provided its full range of corporate finance advisory services in the form of a combination of M&A and Debt financing advice.
