DC Advisory advises Comvest Partners on its acquisition of Riccobene Associates Family Dentistry

Background

• Comvest Partners (Comvest) is a mid-market private equity investment group with $12.5 bn of AUM and over $13.5 bn invested since its inception in 2000
• Founded in 2000, Riccobene Associates Family Dentistry (Riccobene) is a Dental Services Organization (DSO) that provides support to its network of over 60 multi-specialty dental clinics
• Riccobene received a minority equity investment from The Beekman Group (Beekman) in 2018. Beekman sought to monetize its investment in the recapitalization of Riccobene

Process

• DC Advisory acted as buy-side financial advisor to Comvest on its acquisition of Riccobene
• Comvest selected DC Advisory to assist with its acquisition due to deep industry expertise and long-term support of Comvest in exploring a variety of acquisition opportunities in the dental industry

Outcome

• In October 2024, Comvest successfully recapitalized Riccobene with The Beekman Group exiting its investment and Riccobene’s founder maintaining a minority equity interest in the company
• Through this acquisition, Riccobene becomes the 14th Healthcare Services platform investment by Comvest’s private equity strategy
• This transaction reflects the strength of DC Advisory’s sector expertise in the dental industry and broader physician practice management sector