Miura Private Equity reached an agreement to invest in Proclinic, the largest specialized distributor of odontology solutions in Spain, with the aim of strengthening its leadership in Spain, boosting its international growth and continuing on supporting their clients with an increasingly digital approach.
Founded in 1983 by Raneda de la Hoz family, Proclinic is headquartered in Zaragoza, counts with a state-of-the-art logistic center and has numerous commercial offices across Spain, notably in Barcelona and Madrid. The company has built its leading position thanks to a top-quality client service -offering the best solutions to dental clinics and laboratories with services and a broad and deep product portfolio. The company has a catalogue with more than 55,000 SKUs in key categories such as clinic & laboratory consumables, equipment, implants & orthodontics.
Since inception, Proclinichas followed a path of growth that has resulted in €140 million in revenue and more than 300 employees in 2020. Company’s exports in European markets currently represent 25% of its revenue, being France and Italy its core international geographies.
Proclinic complements its services by givingsupport to dental training programs through collaboration agreements with academies and universities and offers the Proclinic Scholarshiptoyoung dental students. In addition, the company has a strong commitment to sustainability with the development of Corporate Social Responsibility actions based on quality certifications in health products, labor integration, investment in new technologies and collaboration with social projects.
According to Luis Seguí, Founding Partner & CEO at Miura, “we are very pleased with the agreement reached with Proclinc, the Raneda family and the management team,to undertake a new stage of consolidation as leaders in Spain, of international growth, and a reinforcement of Proclinic’sdigital capabilities.For us,it is avery excitingproject in the healthcare sector, in which we reaffirm our commitment to support solid companies with the Spanish business arena.”
Carlos Julià, Partner at Miura, explainedthat “at Miura we continue with our commitment withthe healthcaresector with the backingof Proclinic and the Raneda family in their solid track recordof growth and leadership as a key partner for dental clinics and laboratories. In a sector with strong demand fundamentals, we believe that our experience in international expansion and digitalization projects in healthcare and distribution companies can contribute to creating the leading dental depotin Southern Europe. "
Julián Raneda De la Hoz, partner and CCO at Proclinic,commented “Our partnership with Miura will letus accelerate our growthwith the clear mission of continuing providing value to our broad customer base of dental clinics and laboratories, and committed to an excellent service and top-quality products. We will stay trueto thevalues that have differentiatedus in our 40 years of historyand have positioned us as the sector leaders in Spain: maximum commitment to our clients, a close and solid relationship with our providers, an updated range ofquality products and a clear focus to be at the forefront of innovationto continue satisfyingthe needs ofdentalclinics and laboratories, and supporting their growth."
The operation is subject to authorization by Competitionregulatory bodiesand was advised byPwC, KPMG and Baker McKenzie
About Miura Private Equity
Miura is a leading investment firm in Spain with assets under management in excess of€1 billion through its Private Equity and Agribusiness funds. The firm specializes in investing in Spanish family-ownedbusinesses with attractive growth and consolidation plans, and with a clear international spirit. Since 2008, Miura has invested in more than 40 companies, with transactions worthmore than €1,5 billion.Find more: www.miuraequity.comAbout
Proclinic
Proclinic is the leadingspecializeddental depotin Spain. Based in Zaragoza, it was founded in 1983 and counts with a state-of-the-artlogistics center and multiple commercial delegations withmore than 300 employees. Proclinic is also present in international markets (mainly France, Portugal and Italy).More information: www.proclinic.es
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