Source: StreetInsider

Press Release: CD&R : SmileDirectClub Announces $380 Million Equity Private Placement; $3.2 Billion Valuation

SmileDirectClub, the pioneer of at-home, doctor-directed aligner therapy, today announced the completion of its first institutional private placement of equity capital for a total of $380 million. In addition, the Company received a valuation of $3.2 billion. Clayton, Dubilier & Rice (CD&R), one of the world’s leading private equity investors, led the financing, which included meaningful participation from Kleiner Perkins and Spark Capital. As part of the transaction, Rick Schnall, a CD&R Partner, will join SmileDirectClub’s Board of Directors.

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Nathan K. Sleeper's photo - CEO of Clayton, Dubilier & Rice, LLC

CEO

Nathan K. Sleeper

CEO Approval Rating

90/100

CD&R is a private equity firm that offers investment and portfolio management services for corporates. Read more