The Ontario Teachers’ Pension Plan will acquire 100% of Spanish dental provider Donte Group, which owns 426 dental clinics in Spain. The 1-billion-euro ($1.17 billion) acquisition is expected to close later this year.
The company is one of the largest dental providers in Spain, operating four brands across 426 clinics.
“This investment builds on our experience in healthcare services globally and reflects our conviction in investing in leading companies operating in our core sectors in Europe,” said Iñaki Echave, OTPP’s head of EMEA private capital, in a statement. “We focus on supporting high-quality, ambitious management teams we partner with to deliver transformational plans that create highly attractive businesses during our ownership.”
The Donte Group plans to expand to 600 clinics, serving 1.3 million patients, by 2030.
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“Ontario Teachers’ has acknowledged the positive impact that our company is having in society by driving the democratization of access to oral healthcare,” Javier Martín Ocaña, Donte’s CEO, said in a statement. “With the support of Ontario Teachers’, we will be well-positioned to meet our key objectives and grow the business in the years ahead.”
OTPP managed C$266.3 billion ($194.38 billion) in assets as of December 31, 2024, and provides retirement benefits to teachers in the province of Ontario.
The pension plan operates a C$6 billion health care portfolio, which includes U.S.-based Heartland Dental, PhyNet and NVision and Europe-based Veonet.
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Tags: Ontario Teachers’ Pension Plan, OTPP
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