Thu, 18 Apr 2013 | BUSINESS SALE
Dental Buying Group (DBG) UK has recently been bought by investment firms Carlyle Group and Palamon Capital Partners.
KPMG and a team from Pinsent Masons advised the previous owner Synova Capital on the sale, which also included DBG's sister company TAG Medical, a provider of medical equipment testing services to GP practices.
Cheshire-based DBG provides healthcare support services to include training, compliance, engineering services, and materials and equipment. It has a membership base including over 7,000 dental practices, and also supports 2,500 GP practices and some veterinary practices in the UK.
Andrew Hodgson of KPMG was a lead adviser on the deal and told Insider Media, “DBG is an outstanding business and Synova has done a great job in reading how the market was developing and focusing DBG’s strategy accordingly.
“DBG’s recent and forecast growth made it a very attractive business and I fully expect it to go from strength to strength in partnership with its new owners,” he added.
Synova purchased DBG in 2010 and has seen the membership base increase more than two-fold and profits three-fold. Philip Shapiro, managing partner at Synova, commented, “Carlyle and Palamon have a clear vision and ability to continue this growth.”
___________________________________________________________________________
Related articles:
Bridgepoint buys Oasis Healthcare
Axa UK puts dental insurer Denplan on the block
A rare chance to acquire a Midlands-based retail designer renowned for custom shop fittings and innovative design solutions, complete with in-house design and manufacturing capabilities.
This mixed dental practice offers a predominantly private service with the addition of NHS general and orthodontics contracts, benefiting from a large and loyal patient base as well as a thriving hygiene function.
LEASEHOLD
This is a reputable drainage solution company with a long-established presence and an excellent reputation in Somerset.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.