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Huron Capital Closes First Deal In Fund IV With Fla. Dental Firm

DETROIT (WWJ) -- Detroit-based Huron Capital Partners Monday announced the first in a series of planned investments in the dental services industry with an investment in Dynamic Dental Partners.

Based in Sarasota, Fla., DDP is a dental services organization that provides operational support to a network of dental practices located in Florida, Arizona and Virginia.

Said DDP CEO Alex Giannini: "We see a significant opportunity to continue building DDP and are grateful to have a like-minded partner in Huron who can provide the capital and operational expertise necessary to help us do so. We anticipate making several more acquisitions to continue expanding our footprint and partnering with dentists to provide exceptional quality of care to as many patients as possible."

The transaction marks Huron's second investment in the dental industry, having acquired a majority interest in short-term cosmetic orthodontics provider Six Month Smiles Inc. in January.

The dental market is a $119 billion industry and growing steadily according to IBISWorld.
DDP was the first investment made through The Huron Fund IV, LP, a $500 million private equity fund which closed in January 2013.

"Huron identified the DSO market as an industry of focus nearly two years ago, and we have found an ideal platform on which to build in DDP," commented Huron Partner Nick Barker. "DDP has a deep and experienced management team with a long track record of successfully identifying and executing acquisitions in the dental market, and we are excited to be partnering with them to continue growing the business."

Huron Capital is an operationally focused private equity firm with an established track record of growing lower middle-market companies through customized buy-and-build investments. Huron seeks opportunities where it can help companies reach their full potential by combining its operational approach, substantial capital base, and transaction experience with proven operating executives.

Founded in 1999, Huron has managed over $1.1 billion in capital through four committed private equity funds and its portfolio companies have employed over 7,500 people throughout North America.

With offices in Detroit and Toronto, Huron sponsors family succession transactions, market-entry strategies, corporate carve-outs, management buyouts, and recapitalizations of companies having revenues up to $200 million. Huron has broad investment discretion and has invested in a variety of geographies and industry sectors.

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