A&U Dental has acquired Citident Dental Practice in Milton Keynes, marking its expansion into Buckinghamshire and taking its portfolio of surgeries to seven. Santander UK has provided A&U Dental with a £2.5m funding package to support the acquisition.
A&U Dental was first established by siblings Ambareen Tejani-Sharif and Aly S. Tejani in 2016, and Santander UK has provided funding support for six of the family-run group’s seven dental surgeries as well as its day-to-day banking.
Santander UK has been the business’ banking partner since its inception, providing funding support in 2016 for the acquisition of its first practice, The Avenue Dental Surgery in Leigh, Greater Manchester, and additional funding later that year which enabled it to acquire its second practice, Bredbury Dental Centre in Stockport. In 2020, Santander UK provided it with another funding package to support its acquisition of its third practice, Lovely Lane Dental Centre in Warrington, Cheshire, followed last year by funding for its acquisitions of Beach Road Dental Practice in Northwich, Cheshire and Merseyside Dental Centre in Liverpool. A&U Dental self-funded the acquisition of its sixth practice, Prestbury Road Dental Practice in Macclesfield, Cheshire in November last year.
As part of its acquisition strategy, A&U Dental aspires to build a portfolio of 20 dental practices in the next five years, and in doing so to expand into new locations throughout England. It is currently looking to make acquisitions in London and the South of England. It also intends growing organically through the addition of new services, such as facial aesthetics, oral surgery, orthodontics and premium-time dentistry at its existing practices. Its surgeries offer both NHS and private dental services.
The group’s current annual turnover is £7.1m and it is targeting turnover of £11.5m in a year’s time and £30m by March 2028. In line with anticipated growth, it plans to increase its staff from 114 currently to 500 in the next five years.
Aly S. Tejani, Acquisitions and Operations Director, A&U Dental said: “Our family has been working with Santander UK since 2016 with the purchase of our first practice, Avenue Dental Centre. Over the past year, with Santander UK’s funding and support, we’ve more than doubled the size of our group to seven dental practices. During this growth phase, we look forward to working with Santander UK as our banking partner to build our business into a truly nationwide group.”
Ambareen Tejani-Sharif, Dental Director, A&U Dental said: “It has been a pleasure to work with the team at Santander UK over the past seven years. I am proud with what it has helped us achieve in the North West, allowing us to provide a high level of service to all our patients. I look forward to our growth in this new region.”
Jill Yates, Relationship Director at Santander UK, said: “We are pleased to provide funding for A&U Dental’s latest acquisition, which expands its portfolio of dental surgeries to seven. Having been A&U Dental’s banking partner since it was first established in 2016, we are delighted to have supported its growth at every step of the way and look forward to providing it with tailored, dedicated sector-specialist support in the years to come, helping it attain its aspiration of operating a nationwide portfolio of dental practices.”