Welsh Carson Buys Majority Stake in Smile Brands from Freeman Spogli
Welsh, Carson, Anderson & Stowe said Wednesday that it has bought a majority stake in Smile Brands Group Inc. The seller is Freeman Spogli & Co., which will remain a minority investor. Financial terms were not announced. The deal is expected to close in December. Welsh Carson is a New York PE firm. Irvine, Calif.-based Smile Brands provides support services to general and multie-specialty dental groups. It operates under three brands: Bright Now! Dental, Castle Dental and Monarch Dental. Freeman Spogli is a buyout shop with offices in Los Angeles and New York.
3 November 2010•4 mins read
