One of the largest IDSOs in the country announced their recapitalization last quarter. It has yet to close due to the U.S. regulatory review of their new investor; to our knowledge the first entry of a Sovereign Wealth Fund into the U.S. IDSO consolidation frenzy.
While this transaction has not closed yet due to regulatory review, it is an interesting story. A very large PE firm backed this then 23-year-old IDSO granddaddy in 2015. Their initial target was an exit in 2020. The IDSO hired an Investment Banker in 2019 and were in the recap “process” in early 2020. You may recall a little bump in the road called COVID 19 which put the brakes on their exit.
Principal at Large Practice Sales
Chip Fichtner has built, bought and sold multiple companies, both public and private, in a variety of industries for 40+ years. He has been featured in numerous media outlets including The Wall Street Journal, Forbes and CNBC. His tolerant wife of 30+ years allows him to live on Southwest Airlines visiting clients every week.
Latest posts by Chip Fichtner (see all)
- Practice Partnership Podcast Ep 14: The Surprising Drivers of High-Value Practices - December 11, 2024
- Death, Taxes, & Dental Practices: The power of diversification - December 5, 2024
- Decisions in Dentistry: The Rise of Invisible DSOs - December 4, 2024