Daily News: August 10, 2012

Levine Leichtman Capital Partners Sells InterDent to H.I.G.


Levine Leichtman Capital Partners (LLCP) announced the closing of the sale of InterDent to H.I.G. Middle Market.

InterDent, Inc. is a dental practice support organization (DSO) in the United States. The company provides support services to over 145 affiliated dental offices in eight western states including California, Oregon and Washington. InterDent’s affiliated offices benefit from professional management, economies of scale, superior information systems, and specialization of functions. Its network delivers comprehensive dentistry to over one million patients annually, including general, orthodontics, periodontics, endodontics, pedodontics, prosthodontics and oral surgery.

“The InterDent investment has been very successful for our partners, our management team and all of the company’s stakeholders. We are proud of the successes the company has achieved over the past years and believe the growth will continue with HIG’s support,” said Lauren Leichtman, CEO of LLCP. “We are also pleased to provide a very attractive return to LLCP’s investors through an exit that underscores our commitment to investing in the middle market.”

Moelis & Company advised InterDent on the sale.

Levine Leichtman Capital Partners is an investment firm that manages approximately $5 billion of institutional investment capital through private equity partnerships, distressed debt and leveraged loan funds.