Ontario Teachers’ announces agreement to acquire a leading Spanish dental provider DONTE GROUP

- Ontario Teachers to support DONTE’s successful growth trajectory and effort to make health accessible to everyone, especially those who need it most

- With its CAD$6bn healthcare portfolio, Ontario Teachers’ will bring its value creation capabilities and experience in building sector-leading specialist healthcare companies

Madrid, July 15, 2025 – Ontario Teachers’ Pension Plan Board (Ontario Teachers’) today announced it has entered into a definitive agreement with Advent, to acquire 100% of DONTE GROUP (DONTE or The Group) alongside its management team. The deal values the company at approximately EUR1 billion. 

DONTE GROUP is a leading dental provider in Spain, operating one of the largest clinic networks, with over 426 clinics and 2,200 dentists delivering general, premium, and pediatric dental care across four brands: Vitaldent, Smysecret, Moonz, and MAEX. The Group has built a strong reputation for clinical quality and patient experience.

The investment reflects Ontario Teachers’ conviction in DONTE GROUP as a sector-leading platform with high quality service and brands, a first-class management team and a significant runway for growth, including through organic expansion, new clinic openings and selective acquisitions. Ontario Teachers’ offers the Group access to long-term, flexible capital and considerable expertise in building and growing specialist dental and healthcare services companies in the USA, Europe and Asia. DONTE GROUP will become part of Ontario Teachers’ CAD$6bn global healthcare portfolio, which includes Heartland Dental, PhyNet, Veonet and NVISION.

“We are very excited to partner with Javier and his team. DONTE is a high growth potential company with unique strengths: its devoted dentists and professionals, its brands, its history of success and its ambition to offer high quality dental care to everyone in society” said Inaki Echave, Senior Managing Director and Head of EMEA Private Capital at Ontario Teachers’. “This investment builds on our experience in healthcare services globally and reflects our conviction in investing in leading companies operating in our core sectors in Europe. We focus on supporting high-quality, ambitious management teams we partner with to deliver transformational plans that create highly attractive businesses during our ownership.” 

“We are extremely proud that one of the world’s largest investors has taken an interest in our company and in what the entire team behind DONTE GROUP and all its brands has achieved. Ontario Teachers’ has acknowledged the positive impact that our company is having in society by driving the democratization of access to oral healthcare. With the support of Ontario Teachers’, we will be well-positioned to meet our key objectives and grow the business in the years ahead, among which are being able to treat the oral health of 1,300,000 patients and to exceed 600 clinics by 2030” said Javier Martín Ocaña, CEO of DONTE GROUP. 

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

About Ontario Teachers’

Ontario Teachers' Pension Plan Board (Ontario Teachers') is a global investor with net assets of $266.3 billion as at December 31, 2024. Ontario Teachers' is a fully funded defined benefit pension plan, and it invests in a broad array of asset classes to deliver retirement security for 343,000 working members and pensioners. For more information, visit otpp.com and follow us on LinkedIn.

About DONTE GROUP

DONTE GROUP is the first Spanish oral healthcare group created with the purpose of improving dentistry, society, and the planet by making oral health care accessible to everyone—regardless of who they are or the stage of life they are in. The group includes the brands Moonz, Smysecret, Vitaldent, and MAEX, and has a team of over 3,000 professionals and more than 2,300 collaborating dentists, distributed across its 426 clinics. They have treated over 9 million patients. 

Media Contact:

Ontario Teachers’
Henrietta Dehn / Alisha Prakash
media@otpp.com

Andy Hazell / Selina Ashdown
ahh@dedalocomunicacion.com / selina@dedalocomunicacion.com
+34 607 700 406 /+34 626 114 429