Stout acted as the exclusive financial advisor to PlusDental and its shareholders for the investment by Cadence Growth Capital (CGC). With the investment, CGC is strengthening the company’s shareholder base alongside the incumbent investors LakeStar, HV Capital, PingAn Global Voyager Fund and F4 who led earlier financing rounds of the company.

PlusDental is headquartered in Berlin and was founded in 2017. Since then, the company has become the largest digital dentistry company in Europe with more than 110 partner practices. It operates its own production lab in Germany and employs over 300 people. Due to PlusDental’s competitive price point, its direct consumer-focused marketing approach, and its scalable partnership model with dentists, PlusDental has already served more than 20,000 customers. Through its digitized value chain, PlusDental combines high medical quality with an exceptional level of patient convenience at affordable prices.

Cadence Growth Capital is a tech-enabled growth private equity firm with a focus on partnerships with high-quality companies that have strong organic and inorganic growth prospects. The firm focuses exclusively on businesses in the German-speaking countries of Germany, Austria, and Switzerland. CGC provides capital, operating expertise, and access to its extensive network of entrepreneurs with a view to help transform innovative businesses into lasting, category-defining leaders. CGC serves as active owner and partner to corporate founders and management teams to develop portfolio companies with a view to create long-term value driven by growth.

Sebastian Eiseler, Managing Partner at CGC, stated: “We are very excited to invest into one of the leading and fastest-growing dentistry businesses in Europe and are backing a world-class management team with the ambition to become a leading digital dentistry platform.”

“PlusDental operates a unique and finely balanced business model using technology to ensure efficiency and quality to its customers. We are proud that very reputable investors like SchroderAdveq, FRIBA Investment, and over 50 high net worth individuals are backing us in our investment in PlusDental,” added Leonard Clemens, Managing Partner at CGC.

“We welcome CGC as a new investor and are impressed by their experience in the sector as well as by the private equity and growth expertise they bring to the table, which will help us to bring the company to the next level. We are grateful to Stout for the trusted and excellent collaboration on this transaction once again,” said Eva Meijnen, Managing Director at PlusDental.

“The team of PlusDental continues to execute on its mission to democratize access to state-of-the-art dental care while also building a world-class organization empowered by highly experienced and potent investors. We are grateful to continue our partnership with PlusDental on this extraordinary journey,” added Mathis Wilke, Managing Director at Stout, who led the execution of the transaction.

Stout Vice President Kevin Kissner assisted on the deal with further support from Stout’s Michael Rezajew and Nansi Nistorova.

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