ALEXANDRIA, Va. and NASHVILLE, Tenn.–(BUSINESS WIRE)–Oxford Finance LLC (“Oxford”), a specialty finance firm that provides senior debt to healthcare services and life sciences companies worldwide, today announced the closing of a $107 million senior credit facility to Specialty Dental Brands (“SDB” or “the Company”) a dental services organization focused on pediatric dentistry, orthodontics, and oral surgery.
Proceeds from the transaction were used to fund four separate add-on acquisitions. Oxford originally provided SDB with a $74 million senior credit facility in September 2020. Inclusive of the closing date acquisitions, Oxford has financed six add-on acquisitions for SDB since its original investment in the business.
SDB was founded in 2017 by Leon Capital Group in partnership with SDB management with the goal to create a leading network of youth-focused dental practices that provide patient care from infancy until adulthood.
“The upsizing of our commitment to SDB was another example of Oxford supporting the growth of its customers,” said Tracy S. Maziek, head of healthcare services at Oxford Finance. “SDB’s acquisitive strategy required a flexible lender with the ability to move quickly and decisively.”
“Oxford got up to speed on several complex transactions with multiple moving parts and seamlessly delivered the financing by year-end,” said Chris Scales, CFO of SDB.
“These acquisitions materialized rapidly but were critical to our overall growth strategy,” added Hunter Dallas, a managing director at Leon Capital Group. “Consistent with our original closing, Oxford was efficient and thoughtful in their structuring process, ensuring a close on a short timeline when delays could have jeopardized these important acquisitions.”
About Oxford Finance LLC
Oxford Finance is a specialty finance firm providing senior secured loans to public and private life sciences and healthcare services companies worldwide. For over 20 years, Oxford has delivered flexible financing solutions to its clients, enabling these companies to maximize their equity by leveraging their assets. In recent years, Oxford has originated over $6 billion in loans, with lines of credit ranging from $5 million to $150 million. Oxford is headquartered in Alexandria, Va., with additional offices in San Diego, Calif.; Palo Alto, Calif.; and the greater Boston and New York City areas. For more information, visit https://oxfordfinance.com/
About Specialty Dental Brands
Specialty Dental Brands (“SDB”) is a specialty focused dental service organization dedicated to serving affiliated Orthodontists, Pediatric Dentists, and Oral Surgeons with an emphasis on youth patient care. SDB is a hybrid support organization that combines the best of private practice coupled with the strengths of professional business management. SDB’s partner doctors maintain 100% clinical autonomy while SDB provides invaluable business support services so that clinical teams are fully able to focus on patient care. To learn more, visit https://specialtydentalbrands.com/
About Leon Capital Group
Leon Capital Group (“LCG”) is a diversified investment firm with a focus on healthcare, technology, and real estate. LCG partners with entrepreneurs and management teams in the lower middle market to build great businesses by providing capital, business development expertise, and strategic support. Located in Dallas, Texas, LCG seeks to invest in exceptional businesses typically as the first institutional capital to drive scale via the flexibility of a family office coupled with an operating partner mentality. To learn more, visit https://leoncapitalgroup.com/private-equity/