Funds advised by Castik Capital (“Castik”) partner with the founders of German dental chain AllDent to support further practice roll-out.
AllDent is a leading dental chain in Germany, operating four large practices in Munich, Frankfurt am Main and Stuttgart. The company’s approach of operating professionalised larger practices is unique in the German market. The AllDent concept offers patients benefits such as longer operating hours, treatment with the latest equipment and highest quality materials, as well as a high service level – at very attractive prices for the patients. AllDent is also very popular with dentists as they do not have the burden of administrative tasks but are offered attractive working conditions and development opportunities while being able to fully focus on their patients.
The founders of AllDent have created a well-functioning concept for setting up large practices, all of which include an own dental laboratory. Castik will support the two founders in rolling out their concept in the fragmented Germany dental market. The founders Dr. Dr. Ruben Stelzner and Dr. Matthias Stelzner retain a significant ownership in the business and will continue to manage AllDent.
Main attractions of AllDent include its fantastic team, high medical quality, strong concept and expansion plan, as well as a growing, fragmented market and recession resilience. Castik was advised on the transaction by Hogan Lovells (legal), PWC (financial & tax), L.E.K. Consulting (commercial), Houlihan Lokey (debt financing), White & Case (legal – debt financing), and Möller & Partner (medical law). Closing of the transaction is foreseen in the next months.
Castik Capital S.à r.l. (“Castik”) manages investments in private equity. Castik is a European multi-strategy investment manager, acquiring significant ownership positions in European private and public companies, where long-term value can be generated through active partnerships with management teams.
Castik has an investment horizon of up to ten years – longer than most other private equity funds. This enables Castik to focus resources on its portfolio companies and ensure sustainable, long-term value creation.
Founded in 2014, Castik is based in Luxembourg and focuses on identifying and developing investment opportunities across Europe. Investments are made by the Luxembourg-based fund, EPIC I SLP, the first fund managed by Castik, which had its final close at EUR 1bn in July 2015.