Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, is pleased to announce it has provided a Unitranche financing package to support Cemedis Group (“The Company”), a French dental group operating clinics across the Ile-de-France region.
Founded in 2009 by Benjamin Illouz and Frank Moyal, the Company focuses on dental care services with a strong and differentiated value proposition with (1) an independent project run for and by dentists focusing on medical expertise; (2) a proven ability to recruit and retain good practitioners; and (3) a high quality of medical care services reflected in excellent patient feedback. The proceeds of Kartesia’s debt investment will be used to refinance part of the Company’s debt and support its buy-and-build strategy.
This Unitranche financing is provided by Kartesia Senior Opportunities (“KSO”) vehicles. This financing also represents Kartesia’s fourth in the dental health sector, following investments in Vitaldent in Spain, Efficentres in France and Envisage Dental in the UK.
The deal team at Kartesia comprised Matthieu Delamaire, Charles-Henri Clappier, Iris Duffillot and Antonin Ramon.
Charles-Henri Clappier, Head of KSO France & Business Development at Kartesia, commented: “We are thrilled to be a part of Cemedis’ growth journey. The company combines strong quality care and a proven track record to successfully consolidate its fragmented sector. The Unitranche facility provided to Cemedis will allow the management team to finance notably their ambitious buy & build strategy”.