MÜLLER & WEYGANDT ACQUIRES DENTAMED

Silverfleet Capital, a mid-market private equity specialist, announces that Müller & Weygandt (“M&W”), the leading German dental distributor and a Silverfleet portfolio company, has acquired Dentamed, the leading distributor of dental products in the Czech Republic. The acquisition is financed solely by cash from the business.

Dentamed, based in the Czech Republic with operations in Slovakia, specialises in supplying dental consumables and equipment to dental practices and laboratories. Following the acquisition, Dr. Pavel Smazik, Managing Director and sole shareholder of Dentamed, will remain as Managing Director of the business and will also assume management responsibilities at group level with respect to the further expansion of M&W group in Central Europe.

M&W, based in Büdingen with operations in Austria and Switzerland, is the market leader in dental mail order distribution in Germany and specialises in the distribution of dental consumables and small appliances to a similar client base as Dentamed.

Commenting on the investment, Messrs. Kuhn and Tönies, managing directors of M&W, said

“At the time of the buy-out in September 2004 we acknowleged the potential growth opportunities for this business and signaled our intention to further develop our customer base and extend our geographical reach. Dentamed is the clear market leader with a market share of 15%, whilst the rest of the market is split between more than 50 competitors. We welcome the opportunity to work with Dr. Pavel Smazik on our expansion in Central Europe.”

Guido May, a Director of PPM, commented

“The acquisition of Dentamed is indicative of Silverfleet's continued strategy of backing businesses with growth potential and providing additional resources for strategic acquisitions. We are delighted to support the senior management team with this acquisition and will continue to work closely with them towards the long-term value creation of the business.”

Silverfleet has demonstrated the success of Buy and Build strategies with companies such as Barracuda Group and The Astron Group, both of which grew substantially through acquisitions under Silverfleet's ownership.

Silverfleet was advised by Maconda Corporate Development (Rainer Mayer), PWC and Skadden Arps.