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Romania's Dentotal seeks regulatory nod to buy Bulgarian peer Dentatechnica

Romania's Dentotal seeks regulatory nod to buy Bulgarian peer Dentatechnica Source: Dentotal

SOFIA (Bulgaria), September 20 (SeeNews) - Bulgaria's Commission for Protection of Competition (CPC) said on Monday that Romanian dental health products distributor Dentotal Group Holding Limited is seeking its approval for the acquisition of Sofia-based peer Dentatechnica.

According to a notification submitted to the CPC, the transaction is expected to potentially affect the Bulgarian market for distribution of dental health equipment and consumables, the antitrust body said in a statement.

Interested parties have until September 27 to file with the CPC their statements regarding the deal.

Dentotal, backed by Central Europe-active private equity investor Abris Capital Partners, has signed a binding agreement to acquire Dentatechnica, Abris said last month.

The agreement is conditional upon securing clearance from the relevant antitrust authorities, Abris Capital said at the time. The price of the deal was not disclosed.

"This transaction marks our entry into the Bulgarian market – a market we have been analysing for some time. This acquisition is a great starting point for our buy-and-build strategy in the dental distribution sector and a clear example of our plan to create the regional market champion in this space," Abris Capital Partners partner and head for Romania Adrian Stanculescu said back then.

Dentotal, founded in 1994, has more than 12,000 clients - dental care clinics and laboratories in Romania.

Founded in 1991, Dentatechnica is the largest dental distributor in Bulgaria with a complete portfolio of dental equipment and consumables and nationwide coverage. The company delivers products to more than 3,000 dental clinics and laboratories across the country.