Endodontic Practice Partners secured additional debt facility to expand its growing partnership of endodontic practices. The transaction, which closed on November 2, with Twin Brook Capital Partners ("Twin Brook") and sponsored by RC Capital, raised an additional $100 million of committed debt financing to continue the growth of EPP.
"Securing additional capital at the young stage of our company's existence signifies that we're positioned for an impressive growth trajectory," states Sam Hutcheson, CEO of Endodontic Practice Partners. "An experienced lender in the space, Twin Brook has the ability to work hand-in-hand with us to navigate the wealth of opportunities ahead of us."
Twin Brook focuses on loans to private equity-owned companies with EBITDA between $3 million and $50 million, with an emphasis on companies with $25 million of EBITDA and below. The firm targets senior financing opportunities up to $400 million with hold sizes across the Twin Brook platform ranging from $25 million up to $150 million. As of October 31, 2022, Twin Brook has issued $26.2 billion in commitments, closed 356 unique platforms, completed 1,212 total transactions, and reviewed over 10,000 deals from over 800 different PE sponsors since inception in the fourth quarter of 2014.
Endodontic Practice Partners (EPP) solely focuses on affiliating with endodontic practices in specific market areas, focusing on density in a market to capture the most value for partners in that state. With a 30-year practicing endodontist as a co-founder, EPP was founded on and remains true to its focus on patient and doctor satisfaction. EPP's core values (integrity, innovation, compassion, service, and partnership) guide the company's growth. Partner endodontists receive the administrative support necessary to ignite their success and allow them to re-focus on patient care and living a balanced life.
About Endodontic Practice Partners