Adelis Equity sold Nordentic to Corus

Transaction

Sell-side

Undisclosed

Role

Adviser to Adelis Equity on the sale of Nordentic to Corus

Sector

Healthcare

Region

Sweden

Clearwater has advised Adelis Equity on the sale of Nordentic, the largest dental laboratory company in Scandinavia, to Corus, the all-round supplier of advanced dental solutions. Adelis divests the business after successfully developing it since 2017 and completing several add-on acquisitions.

Under Adelis’ ownership, Nordentic has seen over 20 labs come together as one group, developing as a pioneer in the technical development of the industry. By combining management’s deep industrial knowledge with strategic acquisitions and investments in lab technology, the company has evolved into one of Europe’s leading dental labs group, solely focusing on onshore and local production.

Corus is backed by Careventures, a pan-European private equity firm and Quadrum Capital, a Netherlands-based investment company. With centralised service centres in Barcelona and Amersfoort, Netherlands, Corus is the leading European provider of cutting-edge dental prostheses and orthodontics. Founded in 2015, the company is immersed in the shift towards a new style of dentistry, 100% digitalised and personalised, with added value for dentists and patients. Since the start, more than 60 dental prosthesis labs have been integrated across Spain, France, Portugal, Netherlands and Belgium. This has been reinforced through a team of more than 1,200 professionals, offering differentiated and exclusive protocols in dentistry, across products, services, training, and education.

We share the vision and values with Nordentic and we are excited to add their knowledge to ours. By working together, we will be able to enhance our skills and consolidate our position as the leaders in advanced digital dentistry within Europe while delivering a highly localised and personalised service to all our clients and ultimately the patients. We continue to work towards further expansion in Europe, creating an unrivalled network that works towards the digital progress of the sector.
Nicolas Bonnard, co-CEO, Corus

To join forces with a European leading dental lab group is a dream come true, where we can continue to shape the future of our industry together with Corus. The values and the vision that we share have made this integration possible. The synergies in all fields make this journey so interesting and creates possibilities not only for the technicians but also for all our clients and their patients. We will continue to develop products and use the latest techniques that we will be able to use for changing lives. The vision “Making Scandinavia Smile” will also include Europe now. During the process, it felt very safe to have Clearwater as a partner to support us. Their service, availability and personality have made the whole process flow very smoothly.
Johnny Tekin, CEO, Nordentic

Johnny, the rest of Nordentic’s management, and the lab managers have done a fantastic job transforming Nordentic as well as managing the company through the challenging times of COVID-19. We are proud of what we have achieved together and look forward to following Nordentic in its journey together with Corus.
Hampus Nestius and Joel Russ, Adelis