Berlin – Growth PE fund Cadence Growth Capital has taken a stake in dental aligner provider Sunshine Smile GmbH (PlusDental). The financial details of the transaction were not disclosed.
A CMS team comprising Dr Florian Plagemann (Co-Lead) and Dr Tobias Schneider advised Cadence Growth Capital on all aspects of the contract negotiations and legal due diligence. Dr Roland Wiring assisted on the transaction with regulatory expertise.
Cadence Growth Capital (CGC) is a DACH (German speaking countries) focused tech-enabled growth private equity firm with a focus on partnerships with high quality companies with strong organic and inorganic growth prospects. 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 the founders and management teams to develop portfolio companies with a view to create long-term value driven by growth. CGC invests capital on behalf of over 50 HNWIs from the M&A, PE, corporate und founder community and for selective institutional investors like SchroderAdveq, EIF, family offices, etc. The partners at CGC have been investors in more than 20 transactions with a combined investment experience of over 30 years.
PlusDental is a Berlin based, leading health-tech company, specialising in the digitalisation of dental treatments as a digital dentistry platform. The company has developed a digital platform for aesthetic orthodontic corrections and has already treated more than 20.000 patients together with its strong network of more than 110 local partner dentists. PlusDental offers its digital dentistry platform for patient acquisition and treatment monitoring, as well as trainings and laboratory products to registered partner dentists in seven European countries: Germany, Austria, Switzerland, Great Britain, Spain, France and the Netherlands. PlusDental is a leading brand for medically excellent but affordable aesthetic dental corrections, it is PlusDental’s mission to democratize aesthetic dentistry by providing access to state-of-the-art dental care. The company manufactures its products in its own laboratory in Germany, to the highest medical and ethical standards and has since foundation been a committed sponsor of the Deutsche Cleft Kinderhilfe e.V. Since the outbreak of the COVID-19 pandemic, the company has converted its 3D printer fleet to produce medical protective equipment and has already produced more than 7,000 visors, distributed free of charge to medical institutions.
CMS Germany
Dr Tobias Schneider, Partner, Corporate/Private Equity
Dr Florian Plagemann, Counsel, Corporate/Venture Capital (Co-Lead)
Dr Roland Wiring, Partner, Health Care Regulatory
Press Contact
presse@cms-hs.com
Social Media cookies collect information about you sharing information from our website via social media tools, or analytics to understand your browsing between social media tools or our Social Media campaigns and our own websites. We do this to optimise the mix of channels to provide you with our content. Details concerning the tools in use are in our privacy policy.