Dental Services Group

Dental Services Group is one of the 10 largest and fastest growing dental chains in Germany with currently 25 dental practices, located in the densely populated state of North-Rhine Westphalia.

Objective

Dental Services Group (“DSG”) features a unique value proposition that is centered around offering high quality dental services at little to no co-payment for an underserved patient group (typically with low income) who otherwise would not have access to such high quality services.

The fragmented German dental market is sizeable and attractive and characterised by its resilience and structural growth, which is further accelerated by immigration trends, i.e., DSG’s core patient group.

DSG pursues a well-calibrated greenfield strategy and aims to expand nationwide. Adjacent services such as paediatric and orthodontic services complement the offering and present further growth upsides. Thanks to its vertically integrated business model, DSG achieves highly attractive unit economics.

DSG builds on a partnership together with the selling founder, who still holds a significant minority stake and supports the group as adviser and board member.

ENTRY
Nov 2021
TREND

Increasing Market Cycle Risk; Demographics, Economic Development & Aging population; Sustainability; Rising Healthcare Cost

COUNTRY

Germany

SECTOR

Healthcare

The Team

Wolfgang de Limburg - Team Apheon
Wolfgang de Limburg
Managing Partner | 
Belgium, France, Germany
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Nils-Luessem-1-crop
Nils Lüssem
Partner | 
Germany
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Finn Pilath - Apheon Team
Finn Pilath
Principal | 
Germany
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Daniel Niemann - Apheon Team
Daniel Niemann
Associate | 
Germany
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Our manifesto: contributing to the development of sustainable finance

Sustainability generates long-term and higher value

Apheon’s ambition is to contribute to the development of sustainable finance by placing sustainability at the core of its strategy and demonstrating by example that it delivers higher and better value for portfolio companies and investors.
 
We are convinced that businesses that respect the planet, that look after their employees and that support their communities will in turn attract the best talent, differentiate themselves from their competition and ultimately emerge as the strongest in the future.

A holistic and collective approach

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Holistic: it is essential that all aspects of ESG are equally and continuously supported. This is why we are active at every stage of the investment cycle by applying proprietarily developed methodologies and initiatives which are built on 5 priorities covering the broad ESG spectrum:

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