Skip to content Skip to Search
Skip navigation

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

Mubadala
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.

Latest articles

EGSH

Dubai launches one-stop hub to streamline government services

People in Dubai can now obtain an Emirates ID, register a company, open a bank account and more under one roof following the opening of the Emirates Government Services Hub (EGSH). Owned by Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum, a member of the Dubai Royal family, EGSH allows clients to access all essential […]

In association with
Thailand's consul general Kitinai Nutakul visits the Saudi Ministry of Foreign Affairs in Jeddah

Thailand opens investment office in Saudi Arabia

Thailand’s Board of Investment (BOI) is opening its first Middle East office in Saudi Arabia, signaling a deepening of economic ties between the nations after a longstanding diplomatic spat. The office will focus on attracting Saudi investment into Thailand’s targeted industries and supporting Thai entrepreneurs looking to invest in the region, the BOI said in […]

hajj saudi arabia

Saudia reports big rise in international passengers

Saudi Arabia’s national carrier Saudia reported a 24 percent increase in international passengers to 9.1 million in the first half of 2024. There was also a 13 percent rise in the number of flights. The Hajj pilgrimage in June played a large part in the growth.  The number of passengers flying on domestic routes rose […]

renewables target dam

World is off track to meet Cop28 renewables goal

The world is far from reaching its 2030 renewables target, the International Renewable Energy Agency (Irena) said on Thursday. Countries committed at the Cop28 summit in Dubai last year to treble renewables capacity in order to limit global warming to 1.5C. To stay on course global capacity growth needs to accelerate to a minimum rate […]