McGuireWoods represented private equity firm Source Capital LLC in the sale of Southern Dental Alliance, a leading multispecialty dental service organization (DSO) in the Southeast, to Pouschine Cook Capital Management LLC and its co-investor group. The transaction closed Aug. 4, 2017. Financial terms were not disclosed.
Southern Dental provides business and nonclinical support services to dental practices specializing in pediatric dentistry, family dentistry, orthodontics and oral surgery, with 32 practices located in Georgia, Tennessee and South Carolina.
Lawyers from McGuireWoods’ M&A and healthcare practices advised Source Capital, which makes control equity and mezzanine debt investments in mature, lower middle-market U.S. companies across industries. Partners Christopher Nesbit and Bart Walker led the McGuireWoods deal team, which also included partners H. Ramsey White III and LauraLee Lawley and associates Diana Castro, J.D. Costa, Joseph Polonsky, Lauren Ramos and Alexis Reynolds.
McGuireWoods ranked among the top 10 law firms for mergers and acquisitions in highly respected Bloomberg and Thomson Reuters midyear league tables. The firm ranked seventh in deal count for transactions up to $500 million for U.S. targets in Thomson Reuters’ Mid-Market M&A Review, and eighth in U.S. deals up to $500 million in Bloomberg’s M&A Mid-Market Review.
Collaboration between the firm’s M&A and healthcare lawyers is a hallmark of McGuireWoods’ industry-focused approach to client service. Based on unprompted feedback from senior corporate counsel, BTI Consulting Group recently identified McGuireWoods as one of only three law firms that stand apart from all others for their collaborative approach to client service.