PHOENIX, Nov. 12,
2024 /PRNewswire/ -- Trinity Capital
Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of
diversified financial solutions to growth-oriented companies, today
announced the commitment of $40
million in growth capital to Impress, a leading orthodontic
chain in Europe, specializing in
invisible aligners.
Headquartered in Barcelona,
Spain, Impress' network of clinics spans multiple European
countries and serves over 250,000 patients annually. The company's
recent acquisition of DrSmile has further solidified its leadership
in key European markets.
"We're excited to support Impress in their mission to make
high-quality orthodontic care more accessible across Europe," said Craig
Fox, Managing Director, Tech Lending at Trinity. "Impress'
focus on clinical excellence, coupled with their innovative
technology and scalable business model, positions them to make a
meaningful impact in advancing healthcare standards."
The $40 million debt financing
from Trinity is part of a larger $117
million funding round for Impress. This capital will enable
Impress to continue expanding, including plans to open 20 new
clinics across Europe.
"We are thrilled to partner with Trinity Capital in this new
funding round," said Vladimir
Lupenko, CEO of Impress. "With Trinity's partnership, we
look forward to expanding our clinic network and reaching more
patients, ensuring that everyone has access to effective and
affordable orthodontic solutions."
Fieldfisher, a European law firm with practices in technology,
financial services, energy and natural resources and life sciences,
represented Trinity in the transaction.
About Trinity Capital Inc.
Trinity Capital Inc. (Nasdaq: TRIN), an internally managed
business development company, is a leading provider of diversified
financial solutions to growth-stage companies with institutional
equity investors. Trinity Capital's investment objective is to
generate current income and, to a lesser extent, capital
appreciation through investments, including term loans and
equipment financings and equity-related investments. Trinity
Capital believes it is one of only a select group of specialty
lenders that has the depth of knowledge, experience and track
record in lending to growth stage companies. For more information,
please visit the Company's website at www.trinitycap.com.
About Impress
Impress is Europe's leading
orthodontic chain, transforming smiles across Spain, Italy,
Portugal, France, the UK, Germany, Sweden, the
Netherlands, Ukraine, and
the U.S. With a focus on medically driven orthodontic solutions,
advanced R&D, and a high standard of clinical oversight,
Impress specialises in patient-centred care powered by
technological innovation. The company's extensive network serves
over 250,000 patients annually, making it Europe's largest chain of invisible
aligners.
Media Contact
Vibhor
Garg
Managing Director, Marketing
Trinity Capital Inc.
vgarg@trincapinvestment.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/trinity-capital-inc-provides-40-million-in-growth-capital-to-impress-302301735.html
SOURCE Trinity Capital Inc.