Aug. 16, 2022: Thompson Street Forms Information Accessibility Solutions Business
Plus, Sentinel exits dental business, and Apogem closes its sixth fund
Read the top headlines from Tuesday, August 16, 2022 below:
Sentinel Capital Partners Announces Dental Business Exit
Private equity firm Sentinel Capital Partners has announced the edit of Altima Dental following tie company’s merger with 123Dentist, according to a press release. 123Dentist is a dental support organization based in Vancouver, and its merger with Altima will create “one of the largest” businesses in the Canadian market. The merger was financed by Peloton Capital Management, which is 123Dentist’s existing private equity sponsor, as well as KKR and its portfolio company Heartland Dental. Sentinel noted it will retain a minority stake in the combined entity.
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Apogem Capital Closes Sixth Fund at $614 Million
Private markets’ investment firm Apogem Capital has closed its sixth fund with $614 million in capital commitments, a recent press release revealed. Its PA Secondary Fund VI exceeded its $500 million target, and the firm will use the funds to continue executing its investment strategy of buyout and turnaround investments in middle-market North American businesses. Apogem was formed in April through the merger of PA Capital, Madison Capital Funding and GoldPoint Partners.
Following Merger, Thompson Street Debuts Accessibility Solutions Company
Thompson Street Capital Partners, a middle-market private equity firm, announced the launch of a new accessibility solutions company following the merger of three industry businesses. Dubbed Allyant, the new business is the result of the combination of T-Base Communications, CommonLook and Accessible360, and will continue to provide B2B solutions that enable other companies to ensure individuals with disabilities have access to documents and other communications. In a statement, Thompson Street managing director Craig Albrecht said many businesses “feel overwhelmed” with the task of providing equitable access of information, and noted that the newly-formed business aims to provide “simple and seamless” solutions to its business customers.
