Reuters – KKR, Apax, Madison Dearborn Bid for Heartland Dental

Private equity firms KKR & Co., Apax Partners and Madison Dearborn Partners are bidding for Heartland Dental Care Inc., one of the largest U.S. dental practice management companies and which could be worth around $1.3 billion, according to people familiar with the matter, Reuters wrote. The buyout firms submitted final bids on Monday for Heartland Dental, which has been exploring a sale after hiring investment banks Jefferies and Moelis earlier this year, the people said. Heartland Dental, in which Chicago-based private equity firm CHS Capital Partners has a stake, has about $120 million in annual earnings before interest, tax, depreciation and amortization and could be sold for 10 to 12 times EBITDA, Reuters reported previously.

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