Dentalcorp Closes $100 Million Bought Deal Treasury Offering and Secondary Offering of Subordinate Voting Shares

TORONTO -- dentalcorp Holdings Ltd. (“Dentalcorp” or the “Company”) (TSX: DNTL), Canada’s largest and fastest growing network of dental practices, today announced the closing of its previously announced “bought deal” treasury offering and secondary offering of an aggregate of 10,530,000 subordinate voting shares of the Company (“Subordinate Voting Shares”) at a price of $9.50 (the “Offering Price”) per Subordinate Voting Share (the “Offering”). The Offering included a treasury offering of 5,265,000 Subordinate Voting Shares by the Company for gross proceeds to the Company of approximately $50 million and a secondary offering of an aggregate of 5,265,000 Subordinate Voting Shares by GR BCM2 #2 Acquisition Limited Partnership (the “Rosenberg Selling Shareholder”), an affiliate of OPTrust (“OPTrust Selling Shareholder”), LC8 DCC Investment Borrower, L.P. (“L Catterton Investor”) and DCC Holdings CR LP and DCC Holdings NR LP (together, the “Imperial Selling Shareholders” and, collectively with the Rosenberg Selling Shareholder, OPTrust Selling Shareholder and L Catterton Investor, the “Selling Shareholders”) for gross proceeds to the Selling Shareholders of approximately $50 million. Read More