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Huron makes debut investment from Fund IV

Detroit-based Huron Capital Partners has invested in its second dental company this year and plans to invest in a series of others.

Huron Capital Partners has chosen Dynamic Dental Partners, as its first investment from Fund IV, which closed in January on $500 million, according to a statement from the firm.
Dynamic Dental provides operational support to a series of dental practises in Florida and Arizona.The investment in included four other dental practises that help Dental Dynamic expand in Florida and Arizona and in Virginia, Nick barker, Huron partner, told Private Equity International.

“All of the businesses have similar clinical philosophies, they’re very patient-focused,” said Barker. “It was about finding folks that were aligned with the management team at DDP.”

The company is Huron’s second investment in the dental industry this year and is the first in a series of planned investments in the $119 billion industry, the statement disclosed. In January, the firm invested in Six Month Smiles, a short-term cosmetic orthodontics provider.

Barker: focusing on the
dental services industry

“Huron identified the [dental services organisation] market as an industry of focus nearly two years ago, and we have found an ideal platform on which to build in DDP,” Barker said in the statement. 

“Its a natural industry to look at for consolidation opportunity,” Barker told PEI.

Huron plans to help Dynamic Dental undergo a series of acquisitions, which the company’s chief executive officer said will help it expand the company’s footprint and partner with more dentists, according to the statement. 

Huron’s fourth vehicle, a 2012 vintage, surpassed its $400 million target, PEI previously reported.  Founded in 1999, the firm has managed more than $1.1 billion in capital, the statement disclosed.