Burlington ON August 12th, 2019 / – Newlook Capital inc. (“Newlook”) is pleased to announce completion of the investment in Dentalook Management Co. (“Dentalook”) , the platform investment for the Newlook Capital Dental Services Trust (“Dental Fund”).
In the Dental Fund offering documents which were circulated earlier this year, Newlook projected investment into eight dental practices. Today the team at Newlook is pleased to announce that this milestone has been completed.
Now that the initial platform acquisition has been completed, the team at Newlook is looking forward to working with our operating partner, Dr. Sam Mazahreh to grow the businesses and continue with additional investments. Newlook and Dr. Sam will be focusing on an additional four practices, as well as the recruitment and development of the head office team.
Elroy Gust, Newlook’s CEO, adds, “We are excited about the opportunity available in Canada. Newlook spent quite some time in building the investment thesis and strategy around this fund, and the response to it in the market has been very positive and reinforced Newlook’s objective to bring institutional level investment products to the retail market.”
“We are very pleased to have achieved this milestone and the growing momentum of the Dental Fund” says Abbas Osman, Chief Investment Officer at Newlook. “Dr. Sam and team have been excellent operating partners to work with and we are looking forward to executing on the four additional practices we have secured for investment this year.”
Video introduction to the Dental Fund
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Samantha Milligan | Marketing Coordinator