References/14 Apr 2014
Borenius advised funds managed by CapMan in making a public tender offer regarding all of the outstanding shares of Oral Hammaslääkärit Plc.
We advised funds managed by CapMan the offeror (Renideo Holding Oy) in making a voluntary public tender offer, regarding all of the outstanding shares of NASDAQ OMX Helsinki listed Oral Hammaslääkärit plc. In addition to funds managed by CapMan (CapMan Buyout X Funds), the shareholders of the offeror´s parent company include Atine Group AB (subsidiary company of Atine Group Oy) and Nirali Holding Oy (company controlled by Mr. Juha Korhonen). The Atine Group Oy and Mr. Juha Korhonen are the largest shareholders of Oral, at the date of the announcement of the tender offer.
CapMan Buyout is part of the CapMan Group, a leading private equity firm in the Nordic countries and Russia, with assets under management of EUR 3.1 billion. The CapMan Buyout team has made a total of 77 investments and 56 exits and its tenth fund CapMan Buyout X is currently in the active investment phase.
The Finnish Oral Hammaslääkärit Plc is the most renowned provider of dental care services in Finland (Innolink Research 2014). Consisting of more than 800 dental professionals, the Company had net sales of EUR 59.7 million in 2013. Oral provides dental care services at 30 dental clinics all across Finland and also maintains its own dental laboratory.