The Carlyle Group will acquire dental service provider, Integrated Dental Holdings (IDH) from Bank of America Merrill Lynch Capital Partners. The global alternative asset manager is seeking to merge IDH with Associated Dental Practices (ADP) in partnership with private equity firm, Palamon Capital Partners.
As a part of the agreement, which is pending approval, Carlyle will hold a majority of the newly combined entity and Palamon will share joint governance. Transaction advisor to Palamon and Carlyle was PriceWaterhouseCoopers.
Click here for the release from Carlyle.