The Private Equity team advised DentalXChange ("DXC") in their recapitalization with KKR, a leading global investment firm. In connection with the transaction, Bregal Sagemount, also advised by the Private Equity team, exited its investment in DXC, following a successful strategic partnership. As part of the recapitalization, KKR will support DXC to create a broad-based equity ownership program, which will provide equity to all employees at DXC, enabling the full DXC team to participate in growth and value creation.
Since 1989, DentalXChange has been on the forefront of modernizing and innovating dental claims creating dental RCM solutions that bring ease to the payments process. Today, it has grown to support a current base approaching 200,000 dental providers and connectivity to nearly 1,400 payer plans. Headquartered in Irvine, CA, through its own clearinghouse, state of art technology consisting of modern APIs, and secure Web portals, DentalXChange processes over 1B EDI transactions, consisting of more than 300MM dental claims annually.
Bregal Sagemount is a leading growth-focused private capital firm with more than $7.5 billion of cumulative capital raised. The firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount has invested in over 70 companies in a variety of sectors, including software, information / data services, financial technology & financial services, digital infrastructure, healthcare IT, and business & consumer services. The firm has offices in New York, Palo Alto, and Dallas.
The deal team was led by Jared Spitalnick, Pavel Shaitanoff, Nick Clarkin, and Steven Moldavskiy.
For more on the deal, please read the press release and coverage in PE Hub.