From Health Investor
Two dental firms up for sale
Two dental businesses, Southern Dental and Apex, have been put up for sale, according to Financial News.
Rothschild has been mandated to run the sale process for Southern Dental, a chain of practices based in the south of England. It has been reported this business could be sold for as much as £50 million.
KPMG has been appointed as sale advisors for Apex, a smaller firm than Southern Dental, with ebitda reported to be in the region of £2 million to £3 million.
Those familiar with the situation believe the businesses are likely to attract interest from mid-market private equity firms.
Earlier this year Bridgepoint acquired Oasis Healthcare from Duke Street for £185 million. Duke Street paid £77 million to delist the business from the London Stock Exchange in 2007.
Thanks Alun, interesting post – the EBITDA multiple is interesting!
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