Huron Capital Completes Investment In Six Month Smiles
Investment Marks Culmination of Dental Industry Initiative
DETROIT, Feb. 11, 2013 /PRNewswire/ -- Huron Capital Partners LLC ("Huron") announced today that it has invested in Six Month Smiles. Founded in 2006 by Dr. Ryan Swain, Six Month Smiles is a clinically proven and economical approach to adult cosmetic orthodontics used by thousands of general dentists in the US, Canada, the UK, and Ireland. Huron, in partnership with independent sponsor equity group Exium Partners, made the investment with a plan to continue growing the business through geographic expansion and new product offerings. The Six Month Smiles transaction builds on Huron's prior experience and success investing in the business services market and is the culmination of an active effort to identify investments specifically in the dental market. This latest investment was made through The Huron Fund III L.P., a $350 million private equity fund which closed in 2008.
"We're excited about this investment," said Dr. Swain. "Six Month Smiles has grown rapidly over the past several years and this is the right time for us to reinvest in market expansion. As we continue to lead the market with our Short Term Ortho system, we believe the operational experience from our new investors will help us reach new heights."
"Six Month Smiles has a proven management team, a scalable business model, a dedicated employee base, and loyal customers," said Huron Partner, Nick Barker. "We are excited to be partnering with the Six Month Smiles management team and working with them in growing the business going forward."
About Huron Capital Partners LLC
Huron Capital is an operationally-focused private equity firm with a long history of growing lower middle-market companies through customized buy-and-build investments. Huron seeks opportunities where it can help companies reach their full potential by combining its operational approach, capital, and transaction experience with proven operating executives. Founded in 1999, Huron has raised over $1.1 billion in capital through a series of committed equity funds and its portfolio companies have employed over 7,500 people throughout North America. With offices in Detroit and Toronto, Huron sponsors family succession transactions, market-entry strategies, corporate carve-outs, management buyouts, and recapitalizations of companies having revenues up to $200 million. Huron has broad investment discretion and has invested in a variety of geographies and industry sectors. For more information, please visit www.huroncapital.com.
SOURCE Huron Capital Partners LLC
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