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EQT backs accelerated growth of Swiss dental chain swiss smile

  EQT backs accelerated growth of Swiss dental chain swiss smile

- EQT invests in leading dental chain swiss smile

- EQT and the founders become the sole owners

- EQT provides new funds to boost accelerated growth strategy

Business Wire

STOCKHOLM -- August 14, 2013

EQT has invested CHF 44 million in Swiss dental chain swiss smile ('swiss
smile' or the 'Company') based on a partnership agreement with the founders
and majority owners Dr Haleh Abivardi and Dr Golnar Abivardi. The sisters are
both dentists and founded swiss smile in 2002. The existing minority
shareholders have been bought out with the new funds provided by EQT.

swiss smile operates several clinics in Switzerland and has franchises or
joint ventures in UK, Russia and India. The Company is the leading quality
dental chain in Switzerland with a 28% market share among dental chains. swiss
smile also has its own cosmetics products range in a joint venture.

The funds provided by EQT will be used to further develop the existing
business and expand in Switzerland, mainly through acquiring top quality
clinics, often with a high degree of specialization.

'The Swiss dental market is attractive, not the least because it is extremely
fragmented. swiss smile has a proven track record in expanding both
organically and through acquisitions and we are happy to partner with the
founders in the continued growth and development of this well positioned
business', says Stanley Brodén, EQT Industrial Advisor and designated vice
Chairman of the swiss smile Board of Directors.

Over the past two years swiss smile has already made several successful
acquisitions. The Swiss market for dental care is divided among more than
4,500 dentists. Around 25% of all Swiss dentists are planning retirement
before 2020, creating a need for ownership change in many clinics. In
addition, dental chains are expected to gain market share in the coming years
as patients increasingly demand more convenient opening hours, a modern
infrastructure and high medical standard.

'With EQT, we have found a strategic partner that brings both capital and
thorough experience and sector knowledge. Together, we will be able to drive
the development of swiss smile and a consolidation of the Swiss dental
market', says Dr Haleh Abivardi who shares the role of CEO with her sister Dr
Golnar Abivardi.

About EQT

EQT is the leading private equity group in Northern Europe with approximately
EUR 20 billion in raised capital, portfolio companies with total sales of more
than EUR 25 billion and over 550,000 employees. The funds' investment
philosophy is to help acquired companies grow and develop into great and
sustainable companies, both under EQT's ownership and with future owners. The
result so far: the over 60 previously or currently owned portfolio companies
have during EQT's ownership seen an average annual increase in the number of
employees by 11%, sales by 11% and earnings by 15%. Almost all of the return
on investments is attributed to operational improvements such as increased
sales and efficiency gains.

EQT supports a growth oriented business strategy, which has its roots in the
Nordic culture, and a transparent governance model, combined with access to
EQT's unique international network of industrialists. By implementing clear
strategies and having access to operational expertise and ownership skills,
the portfolio companies develop and grow. The strategies and implementation of
operational excellence are driven by the appointed CEO and management team,
board members who are handpicked from EQT's Industrial Network. Portfolio
companies are monitored by more than 120 Investment Advisory Professionals
from EQT Partners. EQT's funds represent the investment of hundreds of
investors from all parts of the world.

Funds launched since the beginning of 2012 are managed in the Netherlands, the
UK and Luxembourg. EQT Holdings AB, based in Stockholm, Sweden is the parent
company of these general partners/fund managers. This means that EQT applies a
corporate structure with transparency for all stakeholders, unique in the
private equity industry.

EQT's mission since its first investment two decades ago remains the same -
create value in medium-sized to large companies in Northern and Eastern
Europe, Asia and the United States by investing, helping them to develop and
transform into great, leading companies.

More information can be found on www.eqt.se

About swiss smile

swiss smile is the leading quality dental clinic chain in Switzerland. The
Company differentiates itself via a broad service offering, high quality
standards and long opening hours, thereby providing patients with maximum
flexibility. Besides its operations in Switzerland, swiss smile has franchises
or joint ventures in UK, Russia and India. Both in Switzerland and
internationally, swiss smile has won several prizes for its innovative
concept, exceptional services and excellent quality

More information can be found on www.swiss-smile.com

Contact:

Johan Hähnel
EQT Spokesman
+46 8 506 55 334
or
Michael Föcking
EQT Partners
+49 69 247 045 130
or
Stanley Brodén
EQT Industrial Advisor
+46 706 02 72 11
 
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