Menninger Capital advises 1300SMILES Ltd

Townsville, QLD, Australia 24 May 2014 – Menninger Capital has advised 1300SMILES Ltd on the successful acquisition of the BOH Dental Group, based in Brisbane.

The acquisition is expected to make an immediate contribution to the 1300SMILES’ profit and earnings per share. It is expected to contribute approximately $1.2M EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) during the full 2015 financial year, as well as make contribution in the current financial year. The acquisition will be funded from a combination of cash reserves ($7,750,000 on completion) and vendor finance ($2M payable over five years).

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Matt Smith