trending Market Intelligence /marketintelligence/en/news-insights/trending/cmhy1yophstnvnd3hb8wlg2 content esgSubNav
In This List

SmileDirectClub obtains $380M in equity capital

Blog

Banking Essentials Newsletter 2021: December Edition

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Automating Credit Risk Surveillance Using Statistical Models

Blog

Post-webinar Q&A: Speed and Scalability – Automation in Credit Risk Modeling


SmileDirectClub obtains $380M in equity capital

Nashville, Tenn.-based teledentistry company SmileDirectClub LLC received $380 million in capital led by private equity firm Clayton Dubilier & Rice LLC.

The equity private placement, which brings the valuation of the at-home, doctor-directed aligner therapy provider to $3.2 billion, was also contributed to by Kleiner Perkins Caufield & Byers and Spark Capital Partners LLC.

Rick Schnall, a partner at Clayton Dubilier & Rice, will join SmileDirectClub's board.

The investment will be used in part for the company's innovation, research and development, and expansion in the international market.

Prior to the transaction, the dental care company was primarily self-funded through Camelot Venture Group.

Clayton Dubilier & Rice targets businesses in the consumer, retail, healthcare, industrials and services sectors.

J.P. Morgan served as sole placement agent to SmileDirectClub.