Categories: Economy

Buyout barons in battle to extract £800m dentistry big


A pack of personal fairness companies are battling to win management of MyDentist, the UK’s largest supplier of NHS dental providers.

Sky Information has learnt that Bridgepoint, Cinven and Triton Companions are among the many events which have submitted indicative affords for the enterprise.

TDR Capital, the proprietor of grocery store chain Asda, has additionally been taking part within the sale course of, banking sources stated on Wednesday.

MyDentist’s homeowners hope to draw a price ticket of roughly £900m for the corporate, though any deal might worth it at nearer to £800m, based on insiders.

The corporate was beforehand owned by Carlyle, one other main international personal fairness investor.

The public sale of MyDentist is being dealt with by bankers at Morgan Stanley.

It’s happening throughout a renewed interval of scrutiny in regards to the accessibility of NHS dental providers throughout Britain.

HIG Europe, one other personal fairness agency, additionally bid for MyDentist, though it was unclear whether or not it remained within the public sale.

Not one of the events contacted by Sky Information would remark.

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