Florac acquired a minority stake through a capital increase in Dentius

Kumulus Partners acted as the exclusive financial adviser of Dentius with its fundraising efforts. The Meyer family, through its investment arm Florac, came on board as a minority shareholder following a capital increase to help Dentius execute its international growth strategy in France but also in the Netherlands & Germany.

Dentius is a provider of dental services with operations in Belgium, The Netherlands, Germany & France. It was established in 2012, operates 76 dental clinics across 4 countries. The group has a high-quality positioning and offers both general and specialised dentistry through a one-stop-shop model. It focuses on creating strong long-term alignment with its dentists through its partnership model and guaranteed clinical freedom. Dentius pursues both acquisitions (individual clinics & other dental groups) and greenfield developments.

Kumulus Partners structured the setup of the transaction and established the broad terms of the investment together with Dentius, its management and shareholders. Kumulus Partners ran a limited auction process, managed investor contacts, coordinated the due diligence process and led the final negotiations with Florac, both on the financial terms of the investment as on the governance of the company going forward.