Bridgepoint close to filling portfolio with £750m dentistry group

One of the London banal market's best-known backstage equity firms is adjacent to snapping up MyDentist, the UK's biggest supplier of NHS dental services.

Sky News has learnt that Bridgepoint, which owns companies specified arsenic Itsu, the Japanese fast-food chain, was connected Thursday nighttime adjacent to signing a definitive woody to get the concern for an endeavor worth of betwixt £750m and £800m.

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If confirmed, it could beryllium announced arsenic soon arsenic Friday morning, according to manufacture insiders.

A subsidiary of Integrated Dental Holdings, MyDentist operates from astir 600 practices crossed the UK, and has been owned by Palamon Capital Partners since 2021.

One root said the woody with Bridgepoint was expected to make a threefold instrumentality to Palamon.

The institution was antecedently owned by Carlyle, different large planetary backstage equity investor.

The auction of MyDentist, which has been handled by bankers astatine Morgan Stanley, has taken spot during a renewed play of scrutiny astir the accessibility of NHS dental services crossed Britain.

Bridgepoint is already an experienced capitalist successful the sector, having bought Oasis, a dental attraction provider, for £185m earlier selling it for much than £800m successful 2016.

A fig of smaller rivals to MyDentist are preparing to alteration hands successful the coming months.

Bridgepoint, which has antecedently explored a takeover of MyDentist, declined to comment, portion Palamon could not beryllium contacted for comment.