Crescent Capital returns with $327m bid for Pacific Smiles

Simon EvansSenior reporter

Aug 1, 2024 – 10.21am

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Crescent Capital has returned with a higher offer in the private equity bidding war for dental group Pacific Smiles which values the target at $327 million.

Pacific Smiles told the ASX on Thursday that the bidding vehicle operated by Crescent Capital had lifted its proposal to $2.05 a share, made up of $1.98 in cash plus a 7¢ dividend.