B. Riley Served as Advisor to Oak Dental Partners in Refinancing and Equity Raise

LOS ANGELES, March 30, 2023 - B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, is pleased to have served as an advisor in connection with a refinancing and junior capital raise for Oak Dental Partners ("Oak Dental" or "the Company"). B. Riley was engaged by Atlanta-based private equity firm, Fortem Holdings ("Fortem"), to refinance Oak's existing debt facility and provide junior capital to fuel the Company's M&A growth strategy. Comvest Credit Partners was selected as the senior lender, providing a $105 million term loan and a $43 million delayed draw term loan as well as a revolver and a minority equity co-investment. Catalur Capital was selected as the primary equity partner, contributing $35.0 million of structured preferred equity.

Oak Dental is based in Georgia and serves as one of the largest dental service organizations in the Southeast, with 55 partner locations across nine states. The Company acquires, manages, and develops pediatric and family dental practices and adds complementary specialty services such as orthodontics and oral surgery.

The B. Riley team ran a thorough process to identify a new credit partner with the ability to support Oak's near and long-term acquisition strategy, as well as an equity partner to help further fuel the Company's growth while helping maintain a comfortable level of leverage on the business. B. Riley navigated an uncertain credit market, bringing our client multiple interested investors by highlighting the Company's extensive track record of efficiently buying and integrating affiliate dental practices. Ultimately, the B. Riley team found supportive debt and equity partners while guiding the client through meticulous dual-track diligence streams and negotiated an optimal transaction structure through a complex and expedited closing process. The deal represents an outstanding outcome for the client and showcases B. Riley's ability to drive results amid a challenging credit market environment.

B. Riley's deal team was led by Tom Mills and Holly Smyth, and included Michael Stotz, and Peter Mathewson.

About Oak Dental Partners
Oak Dental Partners is a growing dental service organization (DSO) that supports several dozen partner locations across the country. Visit https://oakdentalpartners.com to learn more.

About B. Riley Securities
B. Riley Securities ("B. Riley") is a leading middle market investment bank that provides corporate finance, advisory, research, and sales and trading services. Investment banking services include initial, secondary, and follow-on offerings, institutional private placements, merger and acquisition (M&A) advisory, corporate restructuring, and recapitalization. The firm is nationally recognized and highly ranked for its proprietary small-cap equity research. B. Riley Securities is a wholly owned subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY). For more information, visit www.brileysecurities.com.

Media Contact:
Jo Anne McCusker
B. Riley Financial
(646) 885-5425