A group of private equity firms are currently in a competitive battle to acquire control of MyDentist, which is the largest provider of NHS dental services in the UK. According to reports from Sky News, key players such as Bridgepoint, Cinven, and Triton Partners have all submitted preliminary offers for the company. TDR Capital, the entity behind the supermarket chain Asda, is also said to be actively involved in the bidding process as per sources within the banking industry.
The current owners of MyDentist are aiming for a potential sale price of around £900m, although experts suggest that the final deal could value the company closer to £800m. MyDentist, a subsidiary of Integrated Dental Holdings, operates a network of approximately 600 dental practices throughout the UK and has been under the ownership of Palamon Capital Partners since 2021. Previously, Carlyle, another prominent global private equity investor, held ownership of the company.
The auction for MyDentist is being overseen by Morgan Stanley bankers. This development comes at a time when there is increased scrutiny on the accessibility of NHS dental services across the UK. HIG Europe, yet another private equity firm, was reported to have also placed a bid for MyDentist, although its current status in the auction remains unclear.
Notably, none of the involved parties have provided comments regarding the ongoing negotiations.
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