Spain: Miura takes stake in Proclinic

In its second recent deal in the dental sector, Spanish investment firm Miura Private Equity is to take a stake in Proclinic, the largest specialised distributor of odontology solutions in Spain.

Financial terms have not been disclosed.

In October last year, Miura closed an investment agreement with Terrats Medical, which designs and produces of dental implants and abutments under DESS Dental Smart Solutions brand.

Founded in 1983 by the Raneda de la Hoz family, Proclinic is headquartered in Zaragoza, with numerous commercial offices across Spain, notably in Barcelona and Madrid.

The company has a catalogue with more than 55,000 stock-keeping units in categories such as clinic & laboratory consumables, equipment, implants & orthodontics.

It posted revenues of €140m (US$165.7m) last year. The company’s exports in European markets currently represent 25% of its revenue, mostly in France and Italy.

“In a sector with strong demand fundamentals, we believe that our experience in international expansion and digitalisation projects in healthcare and distribution companies can contribute to creating the leading dental depot in Southern Europe,” said Miura partner Carlos Julià.

Miura was advised by PwC, KPMG and Baker McKenzie.