Investcorp led a $67m investment in Global Dental Services.

Investcorp, a global alternative investment firm, led a $67m investment in Global Dental Services, a dental chain, with participation from Tybourne Capital, an Asia-based global growth investor. “Today, the Indian dental services market is worth $3bn. It is highly fragmented with large hospitals and dental chains accounting for under 10% of all practices, although this number is expected to double in the next five years. Investing in a single specialty segment, within healthcare, aligns well with our thesis of backing scaled and differentiated assets. In India, Clove Dental represents our fourth healthcare deal in the underpenetrated field of dental care that offers an attractive opportunity. With better hygiene and growing awareness about healthcare, patients are increasingly relying on organized chains for professional medical services. We look forward to this partnership and supporting the company in scaling its operations in India," Gaurav Sharma, Investcorp Head of Private Equity, India.