Houlihan Lokey Advises Lightwave Dental

Houlihan Lokey is pleased to announce that Lightwave Dental (Lightwave) has been recapitalized.

Founded in 2016, Lightwave is a high-growth company building the group model for the future of the dental industry. As the industry’s first dental leadership organization, Lightwave focuses on partnering, training, and developing dentists as natural leaders of their dental practice. The company helps dentists launch their careers, supports those leading high-growth dental groups, and assists with preserving their legacy as they transition into retirement. Lightwave is solving large issues in dentistry around retirement, business management, reimbursements, and partnership by providing the benefits of a group while preserving the essence of private practice. The company currently supports more than 200 dentists and 1,800 active employees in 86 dental offices across Virginia, North Carolina, South Carolina, and Alabama.

Alpine Investors is a people-driven private equity firm committed to building enduring companies by working with, learning from, and developing exceptional people. Alpine specializes in investments in the software and services industries. Alpine’s people-first strategy includes a talent program that allows Alpine to bring leadership to situations where additional or new management is needed post-transaction. Alpine has more than $11 billion in assets under management as of December 31, 2022, and has three offices in San Francisco, New York, and Salt Lake City.

Lindsay Goldberg is a private investment firm that focuses on partnering with families, founders, and management teams seeking to build their businesses actively. Since 2001, Lindsay Goldberg has raised more than $17 billion of equity capital and has invested in over 60 platform companies and 300 follow-on opportunities. The firm focuses on three industries that typically demonstrate resilience across economic cycles, including industrials, services, and healthcare in the U.S., Canada, and Western Europe. Lindsay Goldberg takes a relationship-driven approach and is supported by its global network of affiliate partners.

Houlihan Lokey’s Healthcare Group is among the largest dedicated healthcare investment banking groups in the world. In 2022, the group closed 37 transactions and was ranked by Refinitiv as the No. 1 advisor for global healthcare M&A transactions under $1 billion.* This transaction builds on Houlihan Lokey’s leading track record in the dental sector specifically, having advised on more than 50 dental transactions globally.

Houlihan Lokey served as the exclusive financial advisor to Lightwave.

*Excludes accounting firms and brokers.