Central European investor completes third acquisition in dental sector consolidation
Abris Capital Partners, the Central European private equity investor, has signed an agreement to acquire Dentstore, one of the leading distributors of dental consumables and equipment in Central Europe. The acquisition is Abris’ third in the sector, following its investments in Dentotal in November 2019 and Dentatechnica in November 2021. The agreement is conditional upon securing clearance from the relevant antitrust authorities.
Dentstore, headquartered in Bucharest, provides comprehensive, high-quality services to the dental market in Romania and Bulgaria, including import and sales of a complete portfolio of supplies and equipment for dental offices and laboratories; technical assistance and advice; and servicing and warranty of dental equipment. The Company boasts impressive logistics and technological capabilities and is the most digitalized player in its segment.
Adrian Stănculescu, Partner and Head of Romania at Abris, commented: “This acquisition is part of our vision to build a portfolio of leading companies within the fast-growing dental supplies market in Central and Southeast Europe. We are delighted to be teaming up with Dentstore and we look forward to partnering with the ambitious and talented management team to continue their exciting growth story. Dentstore has advanced technological capabilities and excellent customer service, which has enabled the company to accelerate growth, and we believe there is a great deal of know-how that would benefit our other portfolio companies in this sector in the long run.”
Bogdan Tufeanu, General Manager of Dentstore, added: “We have ambitious plans for the future of Dentstore and we are delighted to be partnering with such an experienced investor in this space. Together with Abris we will accelerate the development of the organization, with a focus on improving our customer journey experience, setting new high standards in the dental industry and continuing the regional expansion.”
Mihai Zamfir, Investment Manager at Abris, added: “We are building a client-centric business. Our goal is to further support Dentstore’s growth and help it expand into new markets, offering best-in-class services to clients, from fast logistics to a complete product portfolio, combined with the very best sales experience and customer service, thus setting a new bar for standards in the industry.”
Abris began investing in the sector in 2019, with the acquisition of Dentotal from a family of Romanian entrepreneurs, setting out a plan to create the clear leader in the dental supplies market in the region. Following the acquisition of Dentstore and that of Dentatechnica last year, Abris aims to continue building its portfolio of businesses in the sector through organic growth and further consolidation of local markets in the region. As part of the value-creation process, Abris aims to support further development of the organization and invest in new systems, focusing on sustainability as part of the fund’s commitment to ESG and responsible investing.
Following the acquisition, Dentstore co-owners Bogdan Tufeanu and Adrian Fortescu will continue to run the business.