Synova Capital, a UK private equity firm focused on the lower mid-market, has acquired the Dental Buying Group (“DBG”), the UK’s leading provider of dental products and services. A team from the Manchester office of Clearwater International advised Synova.
Aiming to be the practice manager’s first port of call, DBG operates a membership model and provides a comprehensive portfolio of products and services to more than 4,500 dental practices across the UK. Members pay an annual fee to gain access to the company’s product suite, which includes dental engineering and radiography services, health and safety provision and training and compliance services. DBG employs more than 70 people at its headquarters in Winsford, Cheshire.
Synova has backed DBG’s existing management team, led by chief executive, John Rochford. Clearwater International developed DBG’s future business plan, along with the management team, and sourced senior debt facilities from the Co-operative Bank to support the transaction.
Philip Shapiro, Managing partner, Synova
“With a track record of strong organic growth, DBG provides an attractive investment opportunity for Synova. Led by a highly experienced management team, many of whom have been with the business since its inception 20 years ago, the company can now look to fulfil its growth potential over the next few years.”