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Ares Management and Leonard Green & Partners boost stakes in Aspen Dental Management: 5 key notes

On June 13, 2017, Ares Management and Leonard Green & Partners announced their agreement to both increase their equity ownership in Aspen Dental Management.

Here are five key notes:

1. The terms of the transaction were not disclosed, but the transaction is expected to close by the end of the second quarter.

2. The transaction is in partnership with Aspen Dental Management's leadership team and funds affiliated with American Securities.

3. Aspen Dental Management provides non-clinical business support services to Aspen Dental branded practices, including services and recommendations related to finding locations, leasing, acquiring equipment, accounting and marketing.

4. With more than 600 offices in 36 states, Aspen Dental practices provide a wide range of general dentistry and denture-related services.

5. More than 1.5 million patients were treated by Aspen Dental in 2016.

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