Corus a portfolio company of Careventures and Quadrum Capital has been refinanced and has aquired Nordentic

Corus

Corus is a pan-European group of dental labs with a market-leading position in digital dental prostheses. The company provides a full scope of innovative and differentiating production protocols, products and services. Corus’ dense lab network in the Nordics, the Netherlands, Belgium, France and the Iberian Peninsula is organized based on a hub-and-spoke model and comprises more than 60 locations. The company uses a data-driven approach to redefine protocols, prescription decision services and workflows in its lab network. Corus has a proven track record in M&A across five countries and aims to further expand its market-leading position in digital dental prostheses through an active buy-and-build strategy. The company is jointly held by Careventures and Quadrum.

The Deal

Lincoln International supported Corus in the process of securing financing to refinance existing debt, finance the strategic acquisition of Nordentic in the Nordics and to continue the expansion through future add-ons in current and new markets. Lincoln International provided full-scope capital advisory services throughout the process.

Our Perspective

Sander Thiadens, Managing Director in Lincoln’s Capital Advisory Group, commented, “The transaction is a successful growth-orientated financing solution in the dental healthcare sector. This process shows that lenders continue to consider credible growth initiatives alongside investable management teams despite economic headwinds. We are pleased to have supported the management team and sponsors in securing financing from a committed lender, which provides both flexibility and resources for the continued execution of their buy-and-build strategy.”

Careventures

Careventures is a healthcare-focused European private equity (PE) firm with a strong focus on unconsolidated niches with the potential for organic and external growth. The firm has a track record of more than 100 add-on acquisitions and operations in more than 10 countries across Europe. Careventures was founded in 2014 by four senior entrepreneurs-investors and has offices in Luxembourg, Brussels and Barcelona. The firm’s portfolio employs over 5,000 people.

Quadrum Capital

Quadrum is a PE firm with a strong focus on healthcare, information technology, technology and packaging. Quadrum has a portfolio of more than 30 companies. The firm was founded in 2012 backed by (former) entrepreneurs and (multi-) family offices. With offices in Almelo and Woerden, the Netherlands, Quadrum’s regional setting allows it to be close to entrepreneurs, resulting in a unique and exclusive deal flow. The firm manages five funds (of which one evergreen fund), two of which were launched in 2022.

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