In DSO + DPMs

Sheridan Capital completes majority recapitalization of Smile Doctors – grows to 90 clinics

Equity firm Sheridan Capital Partners finalized the majority recapitalization of Smile Doctors, one of the firm's existing portfolio companies.

Here's what you need to know:

1. Sheridan Capital partnered with Linden Capital to complete the recapitalization. Linden Capital joined as lead investor with Sheridan Capital rolling over equity.

2. Since investing in Smile Doctors, the dental service organization has grown from 12 clinics in Texas and Georgia to over 90 clinics across 11 states.

3. Smile Doctors is the largest orthodontic dental support organization. The company is devoted to developing and growing affiliated orthodontic practices.

4. McGuire Woods and Kirkland & Ellis served as legal advisors to Sheridan Capital and Linden Capital William Blair was the financial advisor to Smile Doctors.

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