A pack of personal fairness companies are battling to win management of MyDentist, the UK’s largest supplier of NHS dental companies.
TDR Capital, the proprietor of grocery store chain Asda, has additionally been collaborating within the sale course of, banking sources mentioned on Wednesday.
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MyDentist’s house owners hope to draw a price ticket of roughly £900m for the corporate, though any deal could worth it at nearer to £800m, based on insiders.
A subsidiary of Built-in Dental Holdings, MyDentist operates from about 600 practices throughout the UK, and has been owned by Palamon Capital Companions since 2021.
The corporate was beforehand owned by Carlyle, one other main international non-public fairness investor.
The public sale of MyDentist is being dealt with by bankers at Morgan Stanley.
It’s going down throughout a renewed interval of scrutiny concerning the accessibility of NHS dental companies throughout Britain.
HIG Europe, one other non-public fairness agency, additionally bid for MyDentist, though it was unclear whether or not it remained within the public sale.
