Oxford Finance, a finance firm providing senior debt to healthcare services and life sciences companies, closed a $107 million senior credit facility to Specialty Dental Brands, a dental services organization focused on pediatric dentistry, orthodontics and oral surgery.
Proceeds from the transaction were used to fund four separate add-on acquisitions. Oxford provided Specialty Dental Brands with a $74 million senior credit facility in September 2020. Inclusive of the closing date acquisitions, Oxford has financed six add-on acquisitions for Specialty Dental Brands since its original investment in the business.
Specialty Dental Brands was founded in 2017 by Leon Capital Group in partnership with Specialty Dental Brands management.
“The upsizing of our commitment to SDB was another example of Oxford supporting the growth of its customers,” Tracy S. Maziek, head of healthcare services at Oxford Finance, said. “SDB’s acquisitive strategy required a flexible lender with the ability to move quickly and decisively.”
“Oxford got up to speed on several complex transactions with multiple moving parts and seamlessly delivered the financing by year-end,” Chris Scales, CFO of Specialty Dental Brands, said.
“These acquisitions materialized rapidly but were critical to our overall growth strategy,” Hunter Dallas, a managing director at Leon Capital Group, said. “Consistent with our original closing, Oxford was efficient and thoughtful in their structuring process, ensuring a close on a short timeline when delays could have jeopardized these important acquisitions.”
