Genesis Capital in Pacific Smiles waiting room as Crescent walks
Street Talk understands said the healthcare-focused private equity firm has walked away after checking out the in-play dental clinic operator.
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Street Talk understands said the healthcare-focused private equity firm has walked away after checking out the in-play dental clinic operator.
The ASX-listed dental clinic operator knocked back a $223 million buyout proposal from Genesis Capital in December.
Sources on Monday evening said senior management had been briefed on the plan, which values the company at around $1 billion
As dental group Pacific Smiles battles former founder Alex Abrahams for investors’ hearts and votes, Melbourne-based fund manager Richmond Hill Capital has made its position known.
Under fire dental group Pacific Smiles has called in advisory firm Greenhill & Co for back-up as it tries to fend off founder Alex Abrahams and create value for shareholders.