HC Partners has sold De Tandartsengroep to Oral Care, a portfolio company of Axcel
De Tandartsengroep
De Tandartsengroep (DTG) was founded in 2018 and is now a leading dental care provider in the Netherlands with 31 clinics and eight dental laboratories, specializing in preventive and general dental care. The organization was established with a strong focus on high-quality, patient-centered care. DTG was co-founded by dentists with the support of the Dutch investment firm HC Partners, which has played a key role in its development.
The Deal
Under a successful partnership with HC Partners, DTG has rapidly developed into one of the leading dental service organizations (DSOs) in the Netherlands. Lincoln International acted as the exclusive sell-side financial advisor, running a narrow process and engaging with a select number of parties through its global network to help find the right partner for the next phase of DTG’s journey. Lincoln’s hands-on approach, cross-border collaboration and targeted process helped minimize business distraction and enabled management to continue executing its growth plan. The acquisition significantly expands Oral Care’s presence in the Netherlands, and together, the group will operate approximately 80 clinics with a strong foundation for further expansion.
Our Perspective
Matthew Lee, Managing Director and Co-Head of Lincoln’s European Healthcare Group, commented, “Oral Care and DTG have established themselves as leading providers of high-quality dental care in their respective markets. By joining forces, they are creating a unique, multi-country platform focused on delivering a high-quality and diversified service offering. We are delighted to see this partnership come together and look forward to following their progress as they deliver exceptional care to patients.”
HC Partners
HC Partners is an independent private equity firm based in Amsterdam, with a strong track record in supporting entrepreneurs and management teams to grow their businesses both organically and through strategic buy-and-build acquisitions. The firm focuses on small and medium-sized companies in promising sectors in the Benelux region.
Oral Care
Founded in 1989, Oral Care is a leading dental care provider in Sweden, Norway and the Netherlands, offering both clinic-based and mobile dental care services. The group operates a growing network of approximately 50 clinics and two dental labs, with a strong focus on high-quality preventive and general dental care. Since 2022, Oral Care has been backed by Nordic private equity firm Axcel, supporting its continued development.
Axcel
Founded in the Nordics, Axcel is a leading private equity firm investing across northern Europe, with a focus on four sectors: technology, business services & industrials, healthcare and consumer. With offices in Copenhagen, Stockholm and Frankfurt, Axcel’s team leverages over 30 years of experience in building market leaders through a collaborative mindset and a structured approach to value creation.
Meet our Senior Team
It’s extremely rewarding to work in one of the largest and most diverse global business sectors helping support clients to realize their goals.
Matthew Lee
Managing Director, Head of UK & Co-Head of Healthcare, Europe
London
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