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

The Saudi government is trying to raise home ownership among nationals to 70 percent of the population by 2030, which is helping to drive up residential property prices

Residential price rise counters slip in Saudi commercial property

Residential property was the driving force behind a rise in Saudi Arabian real estate prices in the first quarter of 2024 as prices of commercial real estate fell, government statistics released this week showed.  The overall real estate price index rose by 0.6 percent compared with the same quarter in 2023. But while there was […]

Marcel Ciolacu, Romania's PM, speaks to reporters in Rome. He is now in Qatar for trade talks

Romania touts $16bn of opportunities as PM visits Qatar

Romania is looking to secure €15 billion ($16 billion) of investment from Qatar during a visit by its prime minister, Marcel Ciolacu. He is set to hold talks with Qatar’s prime minister and minister of foreign affairs, Mohammed bin Abdulrahman bin Jassim Al Thani. Ciolacu is also due to have discussions with representatives of Qatar […]

The under-construction Zayed National Museum in Abu Dhabi

UAE wealth fund ADQ buys stake in Abu Dhabi builder

UAE sovereign wealth fund ADQ is acquiring a stake in the construction company building the Guggenheim and Zayed National museums in Abu Dhabi. Alpha Dhabi Holding (ADH), an investment holding company, announced in a filing to the Abu Dhabi Stock Exchange on Tuesday that it will divest 49 percent of its subsidiary Alpha Dhabi Construction […]

Egypt growth forecast Cairo street

World Bank lowers Egypt’s growth forecast again

The World Bank has downgraded Egypt’s growth forecast for the current fiscal year to 2.8 percent, the lowest for 11 years, despite recent investment in the country of nearly $60 billion. In its latest Middle East and North Africa economic update, the bank blamed “sluggish industrial sector performance” and the effects of war in the […]