Guardian Dentistry Partners (GDP) secured more than $100 million in debt financing from Twin Brook Capital Partners, a direct lending finance company.
GDP, which has seen its dental partnerships across the country grow exponentially since its founding in 2018, is now well-positioned to continue to forge powerful strategic partnerships in the months and years to come.
“This financing is reflective of confidence in our business plan and in our incredible dental entrepreneur founders and partners,” Mark Censoprano, president of GDP, said. “With Twin Brook’s support, we are now primed to grow even more quickly, and we’re confident we will achieve our objectives.”
In the coming months, Guardian is expected to announce new partnerships with nearly 30 dental practices across the Eastern U.S., including partnerships in two new states.
“2021 is proving to be a hallmark expansion year for Guardian,” Dr. Hisham Barakat, chief clinical officer at GDP, said. “We’re proud, and humbled, to have the opportunity to support so many amazing partners in their journeys to build the practices of their dreams.”
“It is with great pride that we support our founding doctors who were looking to build their own group or be part of a group, but were not optimally served by the typical corporate structures,” Danny Kawas, partner at NKP Capital, said. “With GDP, doctors benefit from our infrastructure, talent and access to capital, but have the advantage of a warm, purpose-driven, family-like experience of an intimate partnership. Now, with this financing, we are able to provide our alternative partnership solution to even more dental entrepreneurs.”
“We have been thoroughly impressed with the Guardian team and with the company’s track record over the past several years under Danny Kawas and NKP’s leadership,” Pete Coffin, vice president at Twin Brook Capital Partners, said. “We are pleased to provide financing to support Guardian’s growth strategy and look forward to working with the team as the platform continues to scale and expand into new markets through partnerships with high-quality doctors, capitalizing on the favorable tailwinds that remain prevalent in the dental market.”
Cantor Fitzgerald served as financial advisor to NKP Capital and GDP on the financing.
