Aug 30, 2026 – 6.11pmThe owners of Dental Boutique are ready to flash their pearly whites at private equity dealmakers, after spending more than a year preparing the national chain for sale.Morgan Stanley this week started reaching out to potential bidders, telling them to think about $40 million in earnings before interest, tax, depreciation, and amortisation next financial year. That’s up from $35 million, and the company wants a price tag north of $500 million.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?