Charlesbank acquired MB2 Dental in 2021 from Sentinel Capital Partners. Under Charlesbank, MB2 Dental’s network has grown from 275 practices in 24 states to more than 700 practices across 42 states.
The sale of MB2 Dental could be launched by early fall. The organization is expected to be valued at between $2.3 billion and $2.5 billion.
MB2 Dental closed on a $2.344 billion unitranche debt facility, led by KKR, in February.
Upper mid-market to large-cap private equity firms including GTCR, PTG, Court Square and Nordic Capital could be potential buyers, the report said.
Charlesbank declined to comment and MB2 Dental did not return requests to comment from PE Hub.