Scope Growth II L.P. has agreed to sell its ownership in Colosseum Smile, the leading Scandinavian provider of private dental care, to Jacobs Holding AG. Jacobs Holding is a global professional investment firm based in Zurich and founded in 1994 by entrepreneur Klaus J. Jacobs. The transaction is agreed to close in the beginning of 2017.
Scope invested in Smile in 2007, at the time operating two dental clinics in Sweden, with the vision to lead the consolidation of the Scandinavian dentist market. In 2014 Smile merged with Norwegian market leader Colosseum, creating the clear market leader in the Nordic dental care market.
Headquartered in Oslo, Colosseum Smile offers a full range of dental care services through 52 state of the art clinics across Scandinavia and has taken an active role in consolidating the fragmented dental care markets in Norway, Sweden and Denmark. Today the group’s sales amounts to over 1.2 billion NOK.
“During Scope’s ownership, Colosseum Smile has grown from two to 52 dental care clinics in Scandinavia being the clear market leader within its niche. By partnering with the entrepreneurs and growing through consolidating independent clinics and later on through the merger with Colosseum, we have delivered strong growth and returns to our investors” says Sophie Hagströmer, Partner at Scope Capital Advisory AB.
“Together with Scope we have developed Smile from a visionary start-up company to a leading chain in Scandinavia. Through its active partnership and involvement, Scope has enabled us to realize our vision and I look forward to continuing the journey with Jacobs Holding says David Halldén, CEO at Colosseum Smile and co-founder of Smile.
Sophie Hagströmer, Partner, Scope Capital Advisory AB, phone +46 (0)701 89 62 11
David Halldén, CEO Colosseum Smile, phone +46 (0)708 44 19 98
Scope invests in Nordic growth opportunities; partnering with organisations with a proven value added and a differentiated value proposition to create sustainable, growing companies. Scope Capital Advisory AB and Scope Capital Advisory SA are advisors to the Jersey based funds Scope Growth II L.P. and Scope Growth III L.P.