Beijing SaiDe Sunny Dental Clinic Co., Ltd. (“Sunny Dental” or the “Company”) announced the completion of its Series A financing round of RMB 200 million. The success of this financing demonstrates that top-tier funds in China recognize the need for high-end dental office chains with distinctive and subdivided specialty medical services, first-class quality service and medical technologies, experienced and well-trained physician staff, and strong customer reputation. The completion of the transaction also highlights the CEC Capital Group’s strong advisory capabilities in the medical service and healthcare industries.

Sunny Dental was founded in 2007 by Professor Zhou Yanheng, a Ph.D. supervisor at Peking University’s Stomatological Hospital. Dr. Zhou was also the Chairman of the Asia-Pacific Orthodontic society and an Executive Committee Member of the World Orthodontic Alliance. The Company’s physician team is comprised of over 100 doctoral and master’s degree graduates of stomatology from well-known universities such as Peking University’s School of Medicine, West China Hospital of Sichuan University, Shanghai Jiaotong University, and the Air Force Medical University. The Company’s number of full-time doctors with doctoral and master’s degrees ranks first amongst private dental chains in China.

The Company’s orthodontics business has proven to be exceptional in the dental industry. Their unit floor efficiency, human capital efficiency, and dental chair output far outpace the industry’s average. All of their currently fully ramped stores are projected to achieve profitability. Sunny Dental also owns Invisalign’s only authorized, fully serviced technical center in China.

The Company has diagnosed and treated nearly 160,000 cases of malocclusion and other oral cases. It has the largest number of international outstanding cases in the field of orthodontics in China (selected in the International Gallery). It is also the first Chinese orthodontist company to give a lecture on Invisalign at an international conference. Sunny Dental and its orthodontist unit has become a designated referral institution for difficult orthodontic cases in many large public hospitals across the country.

In addition to its expansive team of doctors and technological advantages, the Company has also established a platform integrating medicine, education, and research. Sunny Dental, together with Peking University, has established the Sunny Dental Medical Development Project at Peking University Medical School.

The Company now operates 18 dental clinics and 1 specialist dental hospital across Beijing, Shenzhen, Shanghai, Xiamen, and Guangzhou, among other locations. After this round of financing, Sunny Dental aims to accelerate its expansion throughout the country and become the leading dental chain group in China.

About CEC Capital Group

Founded in 2000, CEC Capital Group is one of China’s leading investment banks focusing on the three major industries of healthcare, consumer, and TMT. The company is headquartered in Beijing, with offices in Shanghai. Its US affiliate, China eCapital Partners, LLC, has offices in Los Angeles and San Francisco.

In the three years from 2017 to 2019, CEC Capital Group has participated in financing and M&A transactions valued at a total of more than RMB 100 billion. In addition to its investment banking business, CEC Capital Group has been managing an RMB fund and a USD fund since 2014.

CEC Capital Group has the healthcare industry’s largest dedicated investment banking coverage team in China, with comprehensive coverage of the entire ecosystem and a market-leading position in the industry. The firm has advised on the largest number of healthcare-related private capital financing transactions over the past three years among China-based investment banks.