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Abu Dhabi’s Mubadala acquires US-based Dental Care Alliance

The green bond offers a yield of 6.03 percent and coupon at 5.875 percent

Abu Dhabi state investor Mubadala Investment Company has acquired US-based Dental Care Alliance (DCA), a dental services organisation with nearly 390 allied practices, state-run WAM news agency reported.

The investment was made in collaboration with funds managed by Harvest Partners, a US-based private equity firm focused on middle-market companies.

DCA is one of the largest multi-branded dental support organisations in the US, focusing on a full range of general and speciality treatments.

Funds managed by Harvest Partners initially acquired DCA in 2015. However, Mubadala and those funds now jointly control DCA following recapitalisation in December 2022.

The two entities will work closely with the management team, WAM added.

Alvin Teh, head of consumer at Mubadala, said: “DCA has a highly diversified range of services, a strong management team with a proven track record, and a scalable platform with a significant growth trajectory.

“We are investing alongside Harvest Partners and leveraging our combined resources and experience in the multi-site services sector to unlock new opportunities for DCA.”

Founded in 1991, DCA has about 5,400 employees, including more than 885 dentists in 22 American states, with over 3.5 million patient visits per year.

In December, Mubadala CEO Khaldoon Al Mubarak said that 2023 would be a tough year for the global economy, but that the fund would be focused on opportunities serving a longer horizon.

As a global investor, he said Mubadala would continue to follow an “agnostic” investment approach looking at growth patterns and long-term sustainable returns, and would continue to focus on sectors such as renewable energy and technology.

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