Private equity firm Palamon Capital Partners is acquiring dental care chain IDH Group from The Carlyle Group, Private Equity Wire has reported, in a deal expected to complete in the third quarter of this year.

Palamon has been a long-term investor in IDH Group, having originally acquired the business in 2011 in partnership with The Carlyle Group.

IDH Group comprises almost 600 dental practices operating under the {my}dentist brand treating more than five million patients annually. The company also owns DD, which supplies dental and beauty products.

The IDH Group executive management team is remaining in place, led by chief executive Tom Riall and chief financial officer Nilesh Pandya.

Riall said: “This is a great outcome for my dentist, our clinicians, our practice teams, and our patients. Building on our long-term partnership with the NHS, this transaction will give us the fresh investment that we need to pursue our exciting plans for the future, and to focus more than ever on helping patients access the affordable care they need and supporting our clinicians to build the careers they want. I am hugely grateful to Palamon for its belief in us and for its support.”

Palamon partner Fabio Massimo Giuseppetti added: “We are delighted to be renewing our partnership with the exceptional management team at IDH, whose work to position {my}dentist as the premier dental brand in the UK for both clinicians and patients has underpinned the strength and stability of the company throughout the pandemic. Backed by a new capital structure, and with a proven strategy for growth, we are truly excited about the prospects for the future.”

Date published: June 2, 2021

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