BGH Capital dodges a bullet in dentistry
Private equity firm BGH Capital dodged a short-term bullet when a $278 million buyout deal for trans-Tasman dentistry giant Abano was terminated on March 30 because of a ''material adverse change'' as COVID-19 swept through. The buyout, in combination with the Ontario Teachers Pension Plan Board, was nearing its final stages after being announced in early November, and would have given them control of 114 dental practices in Australia trading under the Maven brand, and 120 under the Lumino banner in New Zealand.
