Simpson Aids JLL In $398M American Dental Purchase

Law360, New York (November 7, 2011, 11:58 AM EST) -- American Dental Partners Inc. has agreed to be acquired by private equity firm JLL Partners Inc., which focuses on management buyouts, for $398 million, the publicly traded Massachusetts-based dental practice support provider said Monday.

New York-based JLL Partners' offer of $19 per share represents an 83 percent premium over American Dental's share price as of Friday, the targeted company said, adding that the private equity buyer would also assume $81 million in its debt.

American Dental's Nasdaq-traded stock, which had been heavily sold off in recent...
To view the full article, register now.