Trinity Capital Inc. Invests $40 Million in Impress for Growth

Trinity Capital Inc. Secures Major Investment in Impress

Trinity Capital Inc. (NASDAQ: TRIN) has made an impressive commitment, providing $40 million in growth capital to Impress, a leading orthodontic chain specializing in invisible aligners. This strategic move positions Trinity as a vital player in the orthodontic industry, enabling Impress to enhance its service offerings significantly.

Understanding Impress and its Impact

Impress, headquartered in Barcelona, operates a network of clinics throughout Europe. It caters to over 250,000 patients each year, showcasing its robust market presence and commitment to revolutionizing orthodontic care. The recent acquisition of DrSmile has bolstered its position in several key markets, establishing Impress as a frontrunner in the orthodontic sector.

Commitment to Accessible Orthodontic Care

Craig Fox, Managing Director of Tech Lending at Trinity, expressed excitement about the partnership, stating, "We are thrilled to support Impress in their mission to make high-quality orthodontic care more accessible across Europe." Impress employs clinical excellence with innovative technology, a combination that reflects a commitment to improving healthcare standards.

Funding Round Insights

The $40 million debt financing from Trinity is part of a more extensive funding initiative, contributing to a total of $117 million for Impress. This investment is vital for Impress's strategic plans to expand its clinic network, where they aim to open 20 new locations across Europe. Such growth will significantly widen their footprint in the orthodontic market, ensuring access to innovative solutions for more individuals.

What This Means for Patients

Vladimir Lupenko, CEO of Impress, welcomes Trinity’s support, saying, "With Trinity's partnership, we look forward to expanding our clinic network and reaching more patients, ensuring that effective and affordable orthodontic solutions are available to everyone." This commitment highlights a more profound shift towards patient-centered care in Europe.

Trinity Capital Inc.: A Leader in Financial Solutions

With a strategic focus on growth-stage companies, Trinity Capital Inc. positions itself uniquely as an internally managed business development company. Its investment strategy aims for current income and capital appreciation through various avenues, including term loans and equity-related investments.

Competitive Edge in Specialty Lending

Trinity Capital takes pride in being one of the select few specialty lenders possessing the expertise and experience necessary for supporting growth-stage businesses. This financial backing enables companies like Impress to thrive as they seek to enhance their services and expand their market reach.

About Impress

As Europe’s leading orthodontic chain, Impress stands out for transforming the smiles of many across various countries. With a focus on advanced research and development, Impress embraces innovative technologies to provide medically driven orthodontic solutions. Their vast network ensures that countless patients receive top-tier care, making them the largest provider of invisible aligners in Europe.

Frequently Asked Questions

What is the main purpose of the $40 million investment by Trinity Capital Inc.?

The investment aims to support Impress in expanding its clinic network and enhancing accessibility to orthodontic care across Europe.

How does Impress differentiate itself from other orthodontic providers?

Impress specializes in invisible aligners and is committed to clinical excellence and innovative technology, ensuring comprehensive patient care.

What are Impress's plans following this funding round?

Impress intends to open 20 new clinics across Europe to increase its reach and serve more patients efficiently.

Why is Trinity Capital Inc. focusing on growth-stage companies?

Trinity Capital aims to provide tailored financial solutions to growth-stage companies, ensuring they have the necessary support to thrive in competitive markets.

How has Impress expanded its market presence recently?

Impress has solidified its position in key European markets through the strategic acquisition of DrSmile, enhancing its service capabilities and reach.

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