Gryphon Investors Re-Acquires Smile Group
Ropes & Gray advised Smile Brands Group, Inc., one of the largest providers of support services to dental groups in the United States, in its sale to Gryphon Investors a leading middle-market private equity firm based in San Francisco.
Gryphon previously owned Smile Brands between 2005 and 2008. Terms of the transaction, announced on Aug. 18, were not disclosed.
Smile Brands provides comprehensive business support services through exclusive long term agreements with affiliate dental groups, so dentists can spend more time caring for their patients and less time on the administrative, marketing and financial aspects of operating a dental practice. Smile Brands supports nearly 350 Bright Now! Dental, Monarch Dental, and Castle Dental offices in 17 states nationwide.
The Ropes & Gray deal team was included private equity partner Othon Prounis (New York).