Esmaeilzadeh Holding divests its holding in Dentalum

Esmaeilzadeh Holding AB (publ) ("EHAB") has entered into an agreement for an internal sale of its shares in Dentalum Group AB (publ) (“Dentalum”), to Dentalum’s existing shareholder RoosGruppen AB (“RoosGruppen”). EHAB will receive a capital injection of MSEK 138, and has agreed on a potential percentual earn-out should the shares be resold. As a result of the transaction, EHAB will record a negative, non-cash flow affective, adjustment of its net asset value of MSEK 400.

The divestment will be reflected in EHAB’s net asset value for June which is published on 15 July 2024.

"The price does not reflect EHAB’s view of Dentalum’s long term value, but the arrangement safeguards an important capital injection for EHAB, a smooth transaction, and Dentalum maintains good opportunities for growth", says Mikael Ericson, CEO of EHAB.

EHAB has been invested in Dentalum since the company made its first clinic acquisition in 2019 and the company has since grown into a large dental group, with 30 clinics all around Sweden.

"Today, Dentalum stands on firm ground, with a strong organization, a unique care philosophy and a strong financial position. Dentalum is one of EHAB’s first platform companies that we have had the pleasure of developing, together with the founders Max and Marcus. We have learned many lessons from the investment that we will benefit from for our new company builds and wish the entire Dentalum team good luck in its continued company journey", Mikael Ericson continues.

For further information, please contact:

Mikael Ericson, CEO

Email: Mikael.ericson@ehab.group

For press related enquiries, please contact:

Mikaela Abercrombie Simpson, Head of Communications

Phone: +46 736 301 403

This information is such that Esmaeilzadeh Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above on 28 June 2024, at 10.45 CEST.

About EHAB

EHAB is an entrepreneurially driven investment company that invests in and develops resilient companies within selected industries. The primary focus is investments in operational groups with opportunities for both organic and acquisition-based growth. For more information, see www.ehab.group.