Smile Partners Announces Recapitalization Through New Continuation Fund
- Editor
- Feb 3
- 1 min read
What's Happening: Smile Partners USA, a national dental support organization, has secured a strategic investment from a new continuation fund managed by Silver Oak Services Partners. The fund is anchored by commitments from BlackRock Secondaries & Liquidity Solutions and Hollyport Capital, with additional support from new and existing investors.
The Key Moves:
Silver Oak reinvested its entire capital and committed additional funds, showing continued confidence in Smile Partners.
The Company's management team and doctor partners retained significant ownership stakes.
The continuation fund includes substantial unfunded capital to support Smile Partners' future growth.
By The Numbers :
Smile Partners has completed 75+ affiliations since Silver Oak's initial 2017 investment.
The company has expanded to four new states and partnered with 80+ doctor owners.
Smile Partners now operates over 100 offices across five distinct markets.
Key Quotes:
Dan Gill, Managing Partner of Silver Oak: "This transaction allows us to continue our partnership with Smile Partners and provides a significant liquidity event to our investors, doctor partners and management team."
Dave Gaspar, CEO of Smile Partners: "This is a significant milestone for our doctor partners, our 1,000+ employees and broader management team."
*KQ3*
The Bottom Line: The recapitalization through a new continuation fund affirms Smile Partners' sustained success and doctor-centric partnership model. It provides liquidity for existing investors while securing capital for future growth, positioning the company for continued expansion in the dental support organization sector.
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