Gilbert + Tobin has advised Pemba Capital Partners (Pemba) on the establishment of Averra Dental, which is being used to acquire certain dental clinics across Australia and will create a new national dental services platform.
Averra will grow its network through the acquisition of further independent general dental practices across Australia.
G+T advised Pemba on the end-to-end structuring and establishment of the Averra platform, including its proposed acquisition arrangements, diligence, capital structure and shareholders' arrangements.
G+T Corporate Advisory partner Adam Laura commented:
The establishment of Averra is an exciting step for Pemba in building a scalable dental services platform. A key focus for our team was assisting to create a structure that supports dentists’ flexibility and ability to share in returns generated by the business.
We’re delighted to have worked with Pemba and the Averra team to help bring this initiative to fruition and look forward to seeing the business progress through its next phase of growth.
The G+T team was led by Corporate Advisory partner Adam Laura, supported by Tom Riley and James Heading.
The transaction builds on G+T's long-standing relationship with Pemba and the firm's experience advising on complex private capital transactions and healthcare sector investments.
