Southern Dental chain to be bought out - report
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- Published: Thursday, 21 August 2014 07:24
- Written by News Editor
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The Daily Telegraph has claimed that Southern Dental is being ‘circled by private equity bidders’. The chain is reported to be close to joining the growing list of British healthcare companies in private equity ownership as a sale of the business nears. CapVest and Graphite are competing for the business.
The Telegraph reports that mid-market private equity firms CapVest and Graphite are understood to be fighting it out to secure a £100m deal for the company, which runs 74 dental practices across the south of the country. The business was started Crawley, West Sussex by Dr Mazdak Eyrumlu in 2006 and has since grown to employ over 800 staff and dentists.
A sale will mean the latest move by private equity to move into the dental sector after Oasis Healthcare, the UK’s second largest independent dental chain was sold to Fat Face owner Bridgepoint for £185m last year. CapVest was also involved in the bidding process for Oasis and is thought by the Telegraph to be the favourite for Southern Dental.
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