- EQT Non-public Fairness to accumulate a minority stake in 3Shape, a world main participant and innovator in digital dentistry targeted on intra-oral scanners, CAD and CAM software program for dental clinics and the dental lab market
- 3Shape’s merchandise are on the forefront of driving digitalization of dentist workflows, decreasing materials consumption and bettering preventive care and affected person outcomes
- 3Shape will leverage the experience from EQT’s in-house digitalization group, world healthcare sector group, and world advisory community, in its subsequent chapter of development, specializing in continued worldwide enlargement and roll-out of further digital providers
EQT is happy to announce that the EQT IX fund (“EQT Non-public Fairness”) has agreed to accumulate a 20 p.c stake in 3Shape (the “Firm”) from its founders, who will stay majority shareholders within the Firm. Along with the founders and administration, EQT Non-public Fairness will help and speed up execution of 3Shape’s strategic imaginative and prescient to proceed to guide the digitalization of the worldwide dental trade.
Based mostly in Copenhagen, Denmark, 3Shape is a world chief in digital dentistry and gives state-of-the-art intra-oral scanning options, CAD (Pc Aided Design) and CAM (Pc Aided Manufacturing) software program for dentists and dental laboratories in over 100 nations. The Firm was based in 2000 and employs greater than 1,900 individuals in Europe, Americas and Asia, of which roughly 500 sit in R&D.
3Shape operates in a extremely enticing sub-segment of the Dental Gear and Software program market rising at round 15 p.c per yr, pushed by the digitalization of dental workflows to offer improved and extra environment friendly care. The market is supported by long-term secular development drivers together with an growing older inhabitants, greater disposable earnings, and growing demand for aesthetic remedies. 3Shape is uniquely positioned on the nexus of the digital workflow to drive the digital transformation, and thereby bettering affected person care and decreasing the environmental footprint of analogue provide chains and processes.
EQT Non-public Fairness will help 3Shape’s imaginative and prescient to additional internationalize and drive vital world development whereas persevering with to innovate and ship distinctive digital options globally. The Firm will be capable to leverage and profit from the complete EQT platform, together with EQT’s in-house digital groups, its world healthcare sector group, the broad expertise from EQT’s advisory community, in addition to sturdy ESG capabilities, to help 3Shape’s continued development journey.
Mads Ditlevsen, Companion inside EQT Non-public Fairness’s Advisory Workforce, commented, “Having adopted 3Shape intently for greater than a decade, we’re extremely impressed with its excessive tempo of innovation and talent to drive the digitalization of the dental trade, cementing its place as a world market chief. We see vital world potential for 3Shape and EQT seems ahead to contributing to its continued growth in shut collaboration with its founders, board and the administration group.”
Michael Bauer, Companion and Co-Head of Healthcare inside EQT Non-public Fairness’s Advisor group, added, “We’re very excited in regards to the alternative to companion with the 3Shape group and take an energetic position in its subsequent development section. This funding is a sworn statement to EQT’s healthcare technique and dedication to put money into world main healthcare firms inside enticing high-growth subsectors, which 3Shape is an ideal instance of.”
Jørgen Jensen, Chairperson of 3Shape commented, “We’re happy with the boldness that EQT has proven us by investing a considerable quantity in changing into a co-owner of the corporate. This long-term partnership will strengthen 3Shape and assist us ship on our imaginative and prescient of continued innovation, and thereby delivering distinctive digital options for the worldwide dental trade. On the similar time, this funding from such an esteemed investor confirms the power of 3Shape’s enterprise mannequin and the corporate’s very thrilling future.”
Jakob Simply-Bomholt, CEO of 3Shape, added, “EQT will undoubtedly contribute data and expertise to help 3Shape’s continued development journey. We’ve nice ambitions, and we are going to proceed to be the world chief in digitizing dental care. Our scanners are utilized by multiple million affected person scans every month, and this quantity will improve considerably going ahead. With our expertise, dentists can successfully automate and digitize work flows, whereas providing diagnostic providers that may forestall dental issues. We are going to do that, amongst different issues, by means of our next-generation expertise and our new 3Shape Unite platform. There’s vital potential to ship digital providers and merchandise to dentists around the globe and 3Shape is in a novel place to seize the potential and proceed to strengthen our place because the market chief.”
EQT Non-public Fairness was suggested by FIH Companions (M&A), Accura (Authorized), EY (Monetary & Tax), Ringstone (Expertise), and The Footprint Agency (ESG). The transaction is anticipated to shut throughout Q1 2022.
With this transaction, EQT IX is anticipated to be 75-80 p.c invested (together with closed and/or signed investments, introduced public presents, if relevant, and fewer any anticipated syndication).
EQT Press Workplace, email@example.com, +46 8 506 55 334
EQT is a purpose-driven world funding group with greater than EUR 70 billion in belongings underneath administration throughout 27 energetic funds. EQT funds have portfolio firms in Europe, Asia-Pacific and the Americas with whole gross sales of roughly EUR 29 billion and greater than 175,000 staff. EQT works with portfolio firms to realize sustainable development, operational excellence and market management.
3Shape is the worldwide chief in digital dentistry. Based in 2000, 3Shape immediately has greater than 1,900 staff globally. 3Shape gives state-of-the-art scanning options and software program for dentists and dental laboratories in over 100 nations.
Extra data: www.3Shape.com