Ontario Teachers’ acquires Vitaldent for €1 billion: Advisors

The Ontario Teachers’ Pension Plan Board (OTPP), one of the world’s largest pension funds with CAD 266.3 billion in assets under management, has reached an agreement to acquire 100% of Donte Group, the Spanish dental care platform best known for its flagship brand, Vitaldent.

The transaction, which includes debt, values the group at over €1 billion and was signed in partnership with Donte’s management team. The deal marks a major step in Ontario Teachers’ strategic expansion into European healthcare services.

Founded in Spain, Donte Group has become a leading dental services provider with a network of more than 426 clinics and over 2,200 dentists operating under four brands: Vitaldent, Smysecret, Moonz, and MAEX. Vitaldent, the most recognized of the group’s banners, has built a longstanding reputation for accessible, high-quality dental care, serving a broad demographic across the country.

The acquisition underscores Ontario Teachers’ commitment to backing companies with strong growth trajectories and proven operating models. With Donte, it gains a scalable platform poised for further expansion through new clinic openings and selective M&A. Donte will now join the pension fund’s global healthcare portfolio—worth more than CAD 6 billion—which already includes major players such as Heartland Dental, PhyNet, Veonet, and NVISION.

The transaction is expected to close later this year, pending regulatory approvals and customary closing conditions.

Advisors

The deal was supported by several leading advisors. Ontario Teachers’ received legal counsel from Linklaters, while Garrigues advised Advent International, the seller.

EY Abogados acted as tax advisor to Advent. The team was formed by Araceli Saenz (partner) and Adolfo Alcon (manager).

Meanwhile, the management of Donte Group was advised by Pinsent Masons, with Francisco Aldavero (partner) and Rocío García-Nardiz (associate) leading the team.