CRP Recapitalizes Aspen Dental
Capital Resource Partners recently completed an $18.7 million investment in Aspen Dental Management, the largest Dental Practice Management ("DPM") company in the Northeast, with 63 retail locations. Aspen's strategy is to open de novo dental practices in retail settings with a focus on serving patients who have historically abandoned healthy oral care. Aspen attracts its customers by selling high-quality dental services and dentures at affordable prices. CRP's capital, which was in the form of both senior and junior secured subordinated notes with a warrant for common stock, was used to complete a recapitalization of Aspen's existing investors and to provide capital for opening new offices based on Aspen's rigorous analysis of demographics, geography and localized economies within the markets they seek to cover.
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