Aspen Dental (TAG)

active

Dental — Ares / Leonard Green / American Securities

Deal Terms

Entry Year2017

Entry EV$1.5B

Entry Multiple10x

Leverage6.7x

Debt Amount$1.135B

Risk Metrics

LTV (est.)76%

Debt / EV0.76x

Notes

Class-action: dentists extracting HEALTHY TEETH for implant revenue. $18.5M data breach settlement. $1.7M+ AG settlements for deceptive billing. Active FTC investigation.

Sponsor

Ares Management$622.5B AUM