Notable UK M&A activity

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  • Portman Dental Care, which is backed by Core Equity Holdings, has been highly active in the UK dental services market over the past 18 months. Most notably, Portman has merged with Dentex Healthcare, which successfully completed in April 2023, following conditional approval by the Competition and Markets Authority (CMA), bringing their total combined number of practices to around 320. Portman has made several other recent acquisitions throughout the year:

    • St Michaels Family Dental Practice and Southgate Dental Care in January 2023
    • Sharoe Green Dental Practice in August 2022
    • Ocean Dental Group in April 2022
  • Prior to being successfully acquired by Portman, as discussed above, Dentex Healthcare made several acquisitions in the past 18 months:

    • Hedon Dental Practice and Edward House Dental Studio in December 2022
    • Dawood & Tanner Dental Practice in October 2022
    • Shawland Dental Practice in July 2022
    • Meadowbank Dental Practice in January 2022
  • In March 2022, CBPE successfully completed the sale of Rodericks Dental to CapVest Partners, having grown the number of dental practices from 71 to 143, supporting 1.4 million patients across the UK and employing over 1,600 people. Under continued PE ownership, Rodericks Dental remains a buy-and build platform, acquiring Birmingham headquartered, Dental Partners in May 2022, which currently operates around 65 clinics. The deal represented an exit by August Equity from a five-year long investment. In addition, Rodericks has recently acquired:

    • NAMTA Limited, for a consideration of £10m in September 2022
    • Eastgate Dental Care and Eastgate Orthodontics in August 2022
  • Recently, Scotland-based Clyde Munro, announced it has secured its 80th acquisition within just eight years since establishment in 2015. Backed by Synova, the company is the largest and fastest growing dental practices platform in Scotland, having continued to make a number of milestone acquisitions over the past 18 months. Synova began examining exit options for Clyde Munro in November 2022, however a sale has recently been put on hold, according to a number of sources.

    • Tryst Dental Practice, Colinton Dental Practice and Riccarton Dental Practice in October 2022
    • Artis Dental and Implant Studio in April 2022
    • Maybole Dental Practice in March 2022
    • KF Dental Practice in February 2022
    • Alloway Place Dental Practice in January 2022
  • In February 2022, Scottish Dental Care Group received a multi-million-pound minority investment from PE firm BGF to support their ambitious growth strategy of consolidating high quality dental practices across Scotland. The Group has since made several acquisitions:

    • Edinburgh-based St John’s Road Dental Practice and East Craigs Dental Practice in June 2022
    • Matthewson Dental Practice in May 2022
    • Castle House Dental Practice and Granite City Clinic in February 2022
    • Glasgow-based Barrhead Dental Practice and Gorbals Dental Practice in June 2023.
  • Colosseum Dental, the Zurich-based pan-European consolidator and backed by Jacobs Holdings since 2017, acquired selectively in the UK since the start of 2022.

    • West London-based The Care Dental Practice and Care Dental Platinum in March 2022
    • Exeter based Pinhoe Dental Practice in February 2022
  • Apposite Capital-backed, Riverdale Health Care, has remained highly ambitious with its strategy to buy and build in the fragmented UK dentistry sector. Most notably, the company acquired Hanji Dental Group, which offers both NHS and private dental treatment throughout its 18 practices located across the Midlands and North of England, in August 2022. Riverdale also made further acquisitions including:

    • Prettygate Dental Practice in June 2022
    • Windmill Orthodontics and Lion House Dental Practice in January 2022

Dental lab deals

  • ALS Dental, which is wholly owned by London based PE firm, Ansor, holds the number one market position in the dental laboratories market and is the fastest growing laboratory consolidator in the UK. The company has been highly active over the past 18 months:

    • Densign Laboratory in May 2023
    • IW Dental Laboratory in December 2022
    • Waterside Laboratory in November 2022
    • Halo Dental Laboratory in November 2022
    • Veus Dental Laboratory in September 2022
    • Ken Poland Dental Studio in September 2022
    • Precedental Laboratory in July 2022
    • Romak Denture Centre in May 2022
    • Woodlands Dental Laboratory in March 2022
    • CBC Dental Laboratory in March 2022
    • Norwich Ortho in January 2022
    • Oakview restorations Dental Laboratory in March 2023
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