Palamon Capital Partners (Palamon) has partnered with the management team of IDH Group (IDH) to enter into a binding share purchase agreement to acquire The Carlyle Group’s (Carlyle) shareholding and the shares held by the other minority shareholders in the Company to become the sole equity sponsor.

Palamon has been a long-term investor in IDH, having originally acquired the business in 2011 in partnership with Carlyle. The transaction reflects Palamon’s strong commitment to IDH and its confidence in the Company’s position as the largest NHS provider of dental services in the country. This follow-on investment will be financed through a new partnership funded by Palamon investors with debt provided by one of the Firm’s largest financing partners, putting in place a solid and stable new capital structure which will support the growth trajectory of the business.

IDH Group offers dental treatments to more than five million patients every year through its network of almost 600 dental practices operating under the {my}dentist brand. IDH also owns Dental Directory (now branded DD), one of the UK’s largest suppliers of dental and beauty products, which services more than 12,000 dental practices and 6,000 beauty clinics.

Read more at Private Equity Wire

Image Source