Virus Pushes PE-Backed Dental Services Firm Into Bankruptcy (1)

Aug. 3, 2020, 7:15 PM

Private equity-backed dental services company Benevis LLC filed for Chapter 11 bankruptcy with plans to sell itself, court papers show.

The company, headquartered in Marietta, Georgia, listed assets and liabilities of as much as $500 million each in its bankruptcy petition. Benevis provides support services to almost 200 dental practices across the U.S., according to its website.

Benevis has lined up as much as $30 million in financing from current lenders including New Mountain Finance Corp., according court papers. New Mountain has also agreed to serve as the so-called stalking horse bidder for the company, setting a ...

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