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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