Real Good Dental Makes Strategic Investment In Enamel Dental Group
NewsPosted by: Dental Design 8th August 2022
Real Good Dental (“RGD”) has announced it has made a strategic investment in the Enamel Dental Group.
Since it was established in 2017, the Enamel Dental Group (“Enamel”) has grown rapidly through a focused acquisition strategy, and now comprises a total of 68 surgeries within 18 trading practices across the UK. The business has approximately 130 self-employed associates and hygienists supported by a loyal and dedicated team of over 130 support staff. The predominately private group prides itself as a local dental platform offering comprehensive dental services to both private and NHS patients.
TriSpan with the backing of Keyhaven Capital had initially invested in RGD in June 2021 and backed this investment in the Enamel Dental Group as part of developing RGD across the UK. After successfully expanding to become the leading dental organisation in Scotland, this deal marks RGD’s move into England and taking the enlarged group to 82 practices across Scotland and England with team members now totalling some 900 people.
The Enamel Dental Group management team will continue running the group while joining forces with the wider RGD family. All practices will maintain their existing branding and current management teams.
Zak Smith, Managing Director of Enamel Dental Group commented, “We are delighted to have found the right partners in TriSpan, Keyhaven and Real Good Dental to back our team, including loyal clinicians and support staff, in growing and developing Enamel Dental across England.”
Dr. Jagdeep Singh Hans, CEO of Real Good Dental, commented: “Enamel Dental is a fantastic group of dental practices with a best-in-class management team. Everyone at RGD is very excited about what the future holds for the wider group.”
Fady Michel Abouchalache and Joseph-Patrick Dib, Partners at TriSpan commented: “We are very proud to welcome the Enamel Dental Group into the RGD family and are looking forward to working with Jagdeep, Zak and their teams in continuing to develop Enamel and the wider group.”
Teddy Mouawad, Partner at Keyhaven commented: “This transaction is an important landmark in RGD’s evolution and we are excited to support the group in its next stage of growth.”
The deal was brokered by Simon Hughes from specialist business property adviser, Christie & Co. Simon commented, “We are delighted to have represented the shareholders of Enamel Dental Group in this transaction which maintains the independence and identity of the Enamel practices and provides the wider business a platform to meet its ambitious growth plans across the UK.”
Legal advice was provided by Paul Rosen of Katten Muchin Rosenman LLP and David Meisel of Shoosmiths, with banking requirements met by Richard Mathison and his team at Santander.
Financial terms of the transaction were not disclosed.
