Investment made into ambitious dental practitioner
An investment has been made by The Richardson Family business into Todays Dental Group, a UK based dental platform that is looking to grow.
The firm currently comprises of eight dental practices but it aims to grow to more than 50 dental practices through a buy and build strategy.
The investment has been made alongside Lonsdale Capital Partners, a private equity firm focused on the mid-market in the UK and Europe.
Richardson says Todays Dental brings with it a strong initial pipeline of acquisition targets from which it will look to add to the platform.
A spokesperson for RCL Partners, the retained advisors to the Richardson Family who advised on the deal said:
“Rob Paxman and his team are very experienced and well regarded within the dental sector and are well placed to develop a platform that can scale and deliver a patient focused service in a sector that we know well. We are always looking to support strong and ambitious management teams”
Rob Paxman, CEO at Todays Dental said: “Our vision is to evolve a dental group which is truly people-focused. Our support team will provide the resources and expertise to enable dental teams to focus upon patients, making the best decisions for their practice at a local level.
“Our leadership approach is to collaborate and evolve together. We will measure our success through the happiness of our people, as well as the profits we create.”