Oak Dental Receives $153M Senior Credit Facility from Comvest Credit Partners

Comvest Credit Partners, the direct lending platform of Comvest Partners, has acted as administrative agent and sole lender on a $153 million senior secured credit facility for Oak Dental Partners, an Atlanta-based dental service firm.

The proceeds will be utilized to refinance Oak Dental’s current debt and fund near-term acquisitions. Comvest also contributed shares to the company.

Founded in 2015, Oak Dental focuses on the acquisition and development of pediatric, family dental and orthodontic practices with a focus in the southeast. The company currently partners with 55 affiliated practices across nine states.

“We are pleased to provide Oak Dental with a tailored financing solution that addresses the Company’s current needs and provides capital for its future growth initiatives,” said Dan Lee, a Partner at Comvest.

Comvest Credit Partners’ facilities, which include senior secured, unitranche, and second lien capital, typically range between $25 million and $250 million-plus for companies with revenues greater than $20 million.