Canadian affiliate of PE-backed SomnoMed buys Strong Dental
The Canadian affiliate of Australia's SomnoMed Ltd (SOM: ASX) has bought Strong Dental, the maker of a dental appliance that helps treat sleep disordered breathing. The acquisition's total consideration was $700,000. Patrick Strong, the owner of Leamington, Ontario-based Strong Dental, will as a result of the transaction assume responsibility for the day-to-day operations of SomnoMed Canada Inc. SomnoMed is a portfolio company of Australian private equity and venture capital firm Kestrel Capital. Kestrel recapitalized the business and has funded its growth.
3 November 2015•3 mins read
