CBPE has sold Rodericks Dental to CapVest

Rodericks Dental

Founded in 1984, Rodericks Dental is a leading provider of National Health Service (NHS), private and specialist dental services across England and Wales. Led by dental professionals, Rodericks has built its brand and reputation over a 35-year period and is seen as a quality, dentist and patient-focused provider. Supported by their heritage and ethos, Rodericks has become an “acquirer of choice” for vendor dentists.

The company received significant investment in the business from CBPE in 2017 that went into all areas of the business, including the head office and practice support functions, systems and processes and the labs to support best-in-class services for patients as well as making the group scalable. During CBPE’s ownership, practice numbers grew from 71 to 143 with acquisitions supported by strong organic growth and margin expansion.

The Deal

Following five years of investment and a successful partnership with CBPE, to help management find a new partner to support the business’ next phase of growth, Lincoln acted as exclusive sell-side advisor and, in a busy market, ran a narrow process engaging with only a handful of parties. This allowed management to develop a better understanding of, and relationship with, each of the potential partners and crucially, helped free up management’s time by minimizing business distraction. To support the transaction, Lincoln commissioned differentiated diligence materials, including M&A integration analysis and managed the sourcing and negotiation of a compelling debt package. Building on the investments from CapVest, under Chief Executive Officer Gareth York, Rodericks will accelerate its M&A growth plans to build a truly national provider of high-quality, clinically-led dental services to both NHS and private pay patients.

Anand Jain, Partner at CBPE, commented, “It has been a real pleasure working with Gareth and the whole team over the last few years to help Rodericks develop and grow significantly. Lincoln’s healthcare investor insights, and hands on support, allowed us to run a narrow and successful process to find the right partner to work with management to continue this strong growth. We wish the Rodericks’ team and CapVest every success on the next stage of their growth journey.”

Our Perspective

Matthew Lee, Managing Director in Lincoln’s Healthcare Group, commented, “Rodericks is seen as one of the premium dental platforms in the UK and following CapVest’s significant investment is well placed to become a truly national provider of quality dental services. We look forward to following Rodericks’ journey with CapVest and wish Gareth and the team well.”

CBPE Capital Rodericks Dental CapVest 2021
  • 2022
    Close Year
  • Healthcare
    Industry
  • Private Equity
    Client Type
  • Domestic
    Transaction Type
  • United Kingdom
    Country
The Lincoln team were core partners throughout our sale and ran a tight process through difficult COVID-19 circumstances. They know the industry well, and this really helped fast track both the preparation and execution phases. CBPE have been excellent partners over a number of years, and we are confident we’ve found new backers in CapVest to take the business successfully forward together.
Gareth York
Chief Executive Officer at Rodericks Dental

Meet our Senior Team

Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.