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NINE RIVERS CAPITAL HELPS DENTYS STRATEGICALLY PARTNER WITH CLOVE DENTAL

We are pleased to announce that Nine Rivers Capital acted as the sole financial advisor to Dentys for a Strategic Transaction with Clove Dental.

Clove Dental, India's largest and renowned dental chain with 118+ clinics in North and West India, has entered into a strategic partnership with Dentys, a prominent dental chain with 22 clinics in South India to expand its presence in Andhra Pradesh, Karnataka, Telangana and Tamil Nadu. With this consolidation, Clove Dental will have 140+ clinics across 11 states in India, further establishing its leadership position in the dental care industry. Clove and Dentys have together invested over INR 200 Crores in creating this infrastructure equipped with state of the art equipment and attracted India's largest pool of highly experienced dentists.

As part of our Consumer and Healthcare practice, we see the combined entity going a long way in fulfilling the growing need for organised and professional dental care services across India.

HYDERABAD, JAN 25: Clove Dental and Denty's have come together to create a pan-India network of dental clinics. Together they plan to expand the network to over 600 clinics by 2020-21, up from 140 now.

While Clove Dental, with its chain of 118 clinics has a presence in Delhi, Haryana, Uttar Pradesh, Chandigarh, Rajasthan and Maharashtra, Dentys has a network of 22 clinics in South India.

With the coming together of both the dental chains, Clove Dental will now have over 140 clinics across 11 states. It plans to set up 460 more clinics in a phased manner over the next four years. Of them, 120 clinics are expected over the next 12 months.

While Clove and Denty's have together invested over Rs. 200 crore in developing the network of dental clinics, they expect to see similar investments over the next four years as they expand the network.

Louis Shakinovsky, Chairman, Global Dental Services Ltd, the parent company of Clove Dental, said Within a short span, we have established ourselves as a brand that stands for high quality dental care. This strategic alliance will help us strengthen our position in southern India, which will be a win-win both for existing Clove and Dentys patients.

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