Houlihan Lokey Advises Rodeo Dental & Orthodontics

Houlihan Lokey is pleased to announce that Rodeo Dental & Orthodontics (Rodeo) has completed a majority recapitalization with Bain Capital Double Impact, which is investing and partnering alongside current shareholders and management. The transaction closed on May 14, 2019.

Rodeo is one of the fastest growing, multispecialty dental groups in the country. Born in the Fort Worth Stockyards, the company's team of more than 100 award-winning doctors provide a full range of general dentistry, orthodontics, endodontics, oral surgery, and board-certified pediatric dental services in 21 Rodeo locations throughout the state of Texas. Rodeo fuels its brand reputation by providing a high-end patient experience. Rodeo has the largest production stages in the healthcare industry, with themed lobbies, upscale audio/visual equipment, and colorful window graphics that set the mood and experience backdrop. Additional color, music, fashion, and team vibe are mixed in to create an interactive pop art experience that sparks emotion and fuels one-of-a-kind interactions that patients share and remember. Patients are fanatical about the Rodeo brand and have submitted more than 50,000 five-star Google and Facebook reviews. The dentists and the company have won numerous awards including Best Place to Work in Fort Worth two years in a row.

Bain Capital Double Impact is the impact investing strategy of Bain Capital, a leading global private investment firm. Bain Capital Double Impact utilizes Bain Capital's proven, deep diligence, value-added approach to build great companies that deliver both competitive financial returns and meaningful, measurable social and environmental good. Bain Capital Double Impact focuses on health and wellness, sustainability, and community building to create long-term value and meaningful impact at scale. Its goal is to enable the next phase of financial and impact growth for their partner companies, which are solving critical social problems, and doing so profitably. They believe that their value-added approach, experienced team, and broad platform expertise will help their partner companies thrive.

This transaction highlights Houlihan Lokey's continued leadership within the dental support organization sector, having closed 18 transactions in this sector in the past five years. Houlihan Lokey's Healthcare Group is among the largest dedicated healthcare investment banking groups in the country. In 2018, Houlihan Lokey was ranked the No. 1 M&A advisor for all U.S. healthcare transactions by Thomson Reuters.