SmileDirectClub raises $380 mln

SmileDirectClub said Oct. 10 that it completed a $380 million private placement led by Clayton, Dubilier & Rice. Kleiner Perkins and Spark Capital also invested. SmileDirectClub, of Nashville, provides invisible aligners to straighten teeth. J.P. Morgan served as placement agent to SmileDirectClub in connection with the transaction. Adam Phillips, Jonathan Manor and Karen Lee of Kirkland & Ellis represented CD&R.

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