New Mountain Capital's Credit Funds Acquire Benevis (LT Smile Corporation)
October 6, 2020
Certain credit investment funds managed by New Mountain Capital acquired substantially all assets and operations of LT Smile Corporation (Benevis) in a Section 363 sale out of Chapter 11. The deal, completed with support from the company's DIP lenders, places Benevis under New Benevis Holdco, Inc. and provides an improved balance sheet and growth capital to continue supporting non-clinical practice services for dental practices.
- Buyers
- Certain credit investment funds managed by New Mountain Capital, LLC, New Benevis Holdco, Inc.
- Targets
- LT Smile Corporation (Benevis)
- Sellers
- LT Smile Corporation (the Company / debtor / estate)
- Industry
- Dental
- Location
- Georgia, United States
- Transaction Type
- Buyout
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