In the spring of 2012 a number of family investors acquired an interest of approximately 30% in swiss smile Holding AG, Zurich through the Verium multi-family office. swiss smile is a chain of dental clinics with currently seven locations in Switzerland. Since then the company has implemented some important strategic moves. For example, it is focusing on the Swiss market and has acquired two larger dental practices and a dental hygiene school in the course of a market consolidation. Annual sales have nearly doubled since 2011. The range of services offered by swiss smile has broadened considerably and the company’s earning power has increased accordingly.
In view of its continued growth, which will include acquisitions, the company has now simplified the shareholding structure and obtained additional funding. In the process, the previous minority shareholders – the family shareholders represented by Verium, the private equity firm BB Biotech Ventures and various small shareholders – have withdrawn and sold their stakes. Private equity investor EQT is the new minority partner. The family of dentists Drs. Haleh and Golnar Abivardi, who founded swiss smile in 2003, continues to hold the majority interest. Heliane Canepa, Dr. Jürg Eckhardt and Dr. Alexander Krebs will resign from the Board of Directors.