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08/2023

LIBERTY DENTAL GROUP acquired by OAKLEY CAPITAL INVESTMENTS

GERMANY Life Sciences / Medical Devices / Implants & Prosthetics REV 1m EUR - 100m EUR

Context

Oakley Capital, through its Fund V, has successfully finalized the acquisition of Flemming Dental, Excent, and Artinorway Group in a strategic carve-out from European Dental Group (EDG). This transaction consolidates three major regional players to form one of the premier independent dental laboratory groups in Europe. The strategic rationale for the move centers on the high degree of fragmentation in the European dental lab market, which presents significant opportunities for value creation through a disciplined buy-and-build strategy. By separating these entities from a broader services provider, the group aims to establish an independent technical leader focused exclusively on the accelerating digitalization of the prosthetic and orthodontic sectors. The partnership focuses on leveraging the acquirer’s expertise in technological innovation and international expansion to scale the group’s existing network across European borders. This integration is designed to accelerate the adoption of cutting-edge CAD/CAM and 3D printing technologies, enhancing precision and delivery speed for its combined base of clinics. This transaction reinforces the group’s standing as a primary enabler of the digital transformation within the oral care supply chain, providing the strategic depth required to achieve global market leadership.

LIBERTY DENTAL GROUP, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Healthcare & Pharma sector (14.3x).

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Target

Liberty Dental Group is a newly unified pan-European technology organization operating as a leading group of dental laboratories. The entity’s business model is centered on a high-tech manufacturing framework, specializing in the design and production of dental prostheses—such as crowns, bridges, and dentures—and orthodontic solutions, including braces and aligners. Its value proposition lies in the seamless integration of localized craftsmanship with advanced digital workflows, utilizing proprietary CAD software, computer-aided milling, and 3D printing. Strategically, the firm focuses on the rapid digitalization of the dental supply chain, providing high-precision components to thousands of clinics across Europe. By operating as an independent technical partner for oral care providers, the organization ensures a mission-critical role in restorative and aesthetic dentistry. The entity facilitates clinical efficiency through industrialized production and technical durability in its prosthetic materials.

Ent. Value

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Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
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2023
2022

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REFERENCES

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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: oakley capital investments