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Dr. Chris Steven Villanueva, Founder and CEO of MB2 Dental Solutions [File Photo]
Dallas-based MB2 Dental announced the closing of a $2.344 billion unit tranche debt facility with credit vehicles and accounts managed by KKR, with KKR acting as lead investor and arranger for the transaction.
MB2 Dental, a leading dental partnership organization, will use the latest funding to fund future acquisitions and future growth, following record growth in 2023 with 150 new partnerships. said.
“MB2 Dental’s access to this new credit facility is a true endorsement of our strong track record and confidence in our growth pipeline,” Founder and CEO Dr. Chris Stephen Villanueva said in a statement. It shows,” he said. “We are seeing unprecedented interest in our partnership model, which allows physicians to combine the benefits of participating in a larger community with the independence they prefer as private practitioners. With new funding, we are It further accelerates our ability to transform and continue our national expansion as the fastest growing dental group in the country.”
Unitranche debt is a type of structured debt that receives funding from multiple participants and has varying term structures.
In May 2023, MB2 Dental announced it had raised a record $20 million for its ninth internal investment “sidecar” vehicle, allowing its physician partners to invest in the company’s growth. MB2 announced at the time that it had completed a modification of its existing debt facility and secured a new $150 million delayed draw term loan.
MB2 said it plans to use these funds to expand its network of more than 550 clinics across 38 states and support future acquisitions.
MB2 Dental bills itself as the first dental partnership organization of its kind and is founded and led by Villaneuva, a dentist and entrepreneur.
Since its founding in 2007, MB2 Dental has partnered with more than 685 general and specialty dental practices across 39 states.
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