Morgan Stanley Private Credit Leads Strategic Growth Capital Investment In Guardian Dentistry Partners
06 May 2024 - 11:00PM
Business Wire
Financing aimed at accelerating growth and expanding
geographical reach
Morgan Stanley Private Credit (“MSPC”) announced today that
several of its investment funds have led a growth capital
investment into Guardian Dentistry Partners (“GDP” or “Guardian”).
Prudential Private Capital also participated in the
transaction.
GDP is a dental partnership network founded in 2018 by a group
of dentists with the goal of providing world-class support services
and growth opportunities for its dentist partners through a
differentiated operating model. GDP has grown to over 160 locations
operating across 11 states. Led by a unique team of operational
leaders and doctor partners, GDP’s alignment structure allows
doctors to retain autonomy in their practices while also rolling
over equity into the non-clinical management company creating
superior alignment and growth outcomes as shoulder-to-shoulder
partners.
Commenting on the financing, Ashwin Krishnan, Managing Director
and Co-Head of North America Private Credit, said, “Working with
ownership and management, we were able to deliver a structured
solution combining both debt and equity securities, helping
Guardian achieve its near-term financial and strategic goals.”
Danny Kawas, Founder and CEO of Guardian Dentistry Partners,
added: “Today's significant financing marks a pivotal moment for
Guardian Dentistry Partners. It underscores our commitment to
fostering a partnership model that aligns doctor interests to
create timeless practices that generate industry-leading organic
growth. This collaboration with Morgan Stanley Private Credit and
Prudential Private Capital propels us forward, enabling us to
expand our network and enrich the resources that elevate our
practices. Our aim is not just to extend our reach but to ensure
that each of our practices makes a lasting difference in the
communities they serve. This funding empowers us to continue
setting new standards of excellence in dental care, ensuring that
our growth translates into enhanced service and care for patients
across all our locations.”
Morgan Stanley Private Credit’s investment in GDP was led by
Executive Directors Aleksandar Nikolic and James Morphis.
Moelis & Company LLC acted as exclusive placement agent in
connection with the transaction.
About Guardian Dentistry Partners
Founded by a group of passionate dentists and a family office,
Guardian Dentistry Partners is a premier Dental Partnership Network
dedicated to providing world-class support services and growth
opportunities for its network of dentist partners. Since 2018,
Guardian has expanded rapidly and now supports dental partners in
Alabama, D.C., Florida, Maryland, Michigan, New Jersey, New York,
North Carolina, Pennsylvania, South Carolina, Texas and Virginia.
Guardian’s mission is to help its dental partners and teams build
the practices of their dreams. For more information, visit
guardiandentistry.com.
About Morgan Stanley Private Credit
Morgan Stanley Private Credit, part of Morgan Stanley Investment
Management, is a private credit platform focused on direct lending
and opportunistic private credit investment in North America and
Western Europe. The Morgan Stanley Private Credit team invests
across the capital structure, including senior secured term loans,
unitranche loans, junior debt, structured equity and common equity
co-investments. For further information, please visit the
website:morganstanley.com/im/private-credit
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has more than 1,300 investment
professionals around the world and $1.5 trillion in assets under
management or supervision as of December 31, 2023. Morgan Stanley
Investment Management strives to provide outstanding long-term
investment performance, service, and a comprehensive suite of
investment management solutions to a diverse client base, which
includes governments, institutions, corporations and individuals
worldwide. For further information about Morgan Stanley Investment
Management, please visit www.morganstanley.com/im.
About Prudential Private Capital
For nearly 100 years, Prudential Private Capital (“PPC”) has
been partnering with a wide range of corporations, sponsors, and
institutions, enabling them to achieve their growth and funding
goals. PPC is known for building enduring local partnerships based
on a steady and patient commitment to our partners’ long-term
capital needs. With regional teams in 15 offices around the world,
PPC manages a portfolio of $101.5 billion for its partners (as of
12.31.23). For more information, please visit
prudentialprivatecapital.com.
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