What did Lindsay Goldberg pay for Lightwave Dental?

Lindsay Goldberg acquired Lightwave Dental for $439.0M in 2023 (13.5x EBITDA), equivalent to 2.00x revenue. Target revenue was approximately $220.0M. Target EBITDA was approximately $32.5M.

What does Lightwave Dental do?

Lightwave Dental is a dental practice business.

What multiple did Lindsay Goldberg pay for Lightwave Dental?

13.5x EBITDA and 2.00x revenue, based on disclosed deal value of $439.0M and disclosed financials.

M&A TRANSACTION · 2023

Lightwave Dental acquired by Lindsay Goldberg

$439.0M· 13.5x EBITDA· 2.00x revenue

Target

Lightwave Dental

Acquirer

Lindsay Goldberg

Disclosed financials at time of acquisition

Revenue

$220.0M

EBITDA

$32.5M

Deal Value

$439.0M

EV/EBITDA

13.5x

Context

This $439.0M acquisition of Lightwave Dental by Lindsay Goldberg sits in the dental practice sub-vertical. The 13.5x EBITDA multiple paid in 2023 can be compared against the population median for dental practice transactions of similar size on our Dental Practice valuation hub.

Source

Data sourced from Press reporting. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2023). Lightwave Dental acquired by Lindsay Goldberg. https://exitvalue.ai/deals/lightwave-dental-acquired-by-lindsay-goldberg-hc-2023-0045