CBPE Capital LLP (“CBPE”) is pleased to announce the successful sale of Rodericks Dental Group Limited (“Rodericks”) to CapVest Partners. Terms of the transaction have not been disclosed.
Rodericks is a leading provider of NHS, private and specialist dental services through its practices across England and Wales.
Under CBPE’s ownership, Rodericks has grown revenues and EBITDA significantly and has expanded the number of dental practices from 71 to 143. The Group has also enhanced and expanded the services provided over the last few years and now supports over 1.4 million patients across the UK and employs over 1,600 people.
Significant investment has been made into all areas of the business including the head-office and practice support functions, the systems and processes, and the labs to support best-in-class services for patients as well as making the Group scalable for future growth.
The Group continues to have a high quality clinical focus and is highly active in training and developing both existing dentists and the next generation through offering foundation training.
Gareth York, CEO of Rodericks commented:
“CBPE has been a great partner for the business bringing support, expertise and advice to help us achieve significant and sustainable growth over the last few years. As a management team, we are excited by our future prospects and feel the Group is poised for continued strong organic and acquisitive growth. We will continue to invest heavily into our people and our practice facilities to offer leading services to all our patients.”
Anand Jain, Partner, CBPE commented:
“It has been a real pleasure working with Gareth and the whole team. The last few years have seen the Business develop and grow significantly and we wish the team every success on the next stage of their growth journey.”
CBPE’s investment was originated and led by Anand Jain with support from Rupert Parker and is another example of CBPE’s strong track record of investing in the healthcare sector. Other highly successful recent CBPE exits in healthcare include Optima Health (Corporate Health and Wellbeing), SpaMedica (Ophthalmic hospitals), Medica (Teleradiology) and IDIS (pharma services).
