Clarus Capital completed a new $10 million lease facility for a sponsor-backed dental service provider. Financing proceeds will support the company’s equipment refresh cycle and growth initiatives across a nationwide footprint of locations.
“This transaction marks Clarus’ third investment in the dental services sector since inception, reflecting our continued support for essential healthcare services,” Steve O’Leary, CEO of Clarus Capital, said. “Clarus’ facility was structured to accommodate a wide variety of equipment types, providing the company with operational versatility amidst procurement challenges. We look forward to supporting the company as it continues to scale.”
Tim Conway, chairman of Clarus Capital, added, “After developing a strong partnership with this sponsor in the leveraged finance market at predecessor institutions, we appreciate the opportunity to now support one of their portfolio companies with the acquisition of essential use assets. Our structural flexibility and ability to finance a broad range of asset types across diverse industries positions Clarus well to support sponsors across their investment portfolio.”
