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Heartland Dental Turns to Ropes & Gray in KKR Deal

Practices: Health Care, Health Care Transactions, Health Care Finance & Restructuring, Private Equity, Tax, Executive Compensation & Employee Benefits, Labor & Employment

Ropes & Gray represented Heartland Dental, the largest dental support organization in the United States, in an agreement whereby KKR will acquire a majority interest in the company from Ontario Teachers’ Pension Plan and other existing shareholders. The transaction was announced March 7.

Under terms of the agreement, Ontario Teachers’ will retain sizeable ownership and will continue as a significant partner to the company. Heartland Dental’s management as well as supported dentists and employees will also remain significant shareholders. Financial details of the transaction were not disclosed.

Heartland Dental provides non-clinical administrative support services to supported dental offices representing a network of over 1300 dentists in 35 states.

The Ropes & Gray team was led by health care partner Deborah Gersh (Chicago) and included private equity transactions partner Bob Rivollier (New York), tax & benefits partner Adam Stella (Washington, D.C.), health care associates Christina Bergeron (Boston) and John Saran (Chicago) and labor & employment associate Jennifer Cormier (Boston). Mr. Rivollier and Mr. Stella represented the founder and key management members of Heartland Dental on their equity arrangements.

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