Newlook Capital, through the Dental Fund, seeks to acquire Dental practices throughout Canada and then utilizes the expertise of their operating partner – Dentalook – to grow the underlying value of the clinics. They offer Dentists the ability to capitalize on the value they have created in their clinic throughout their career in a way that takes into account their wants and needs. Newlook is consolidating individual clinics to one portfolio for an eventual exit to a larger acquirer.
In their experience, the Dental industry in Canada is lagging behind other developed nations when it comes to consolidating Dental clinics. They find that, similarly to their Industrial Fund, the Dental industry offers a form of recession resiliency as the cash flows that the business produces continue to come through in a recurring nature, in good economic times and bad. They can then pass along the cash flow the clinics produce to their investors.