Clyde Munro Dental Group has been given a further GBP25 million war chest for acquisitions – after getting the green light from its biggest backer for a new funding package.
Already Scotland’s biggest independent dental group, the firm will now embark on a period of further growth through acquisition, with the additional funding package from international banking and wealth management firm, Investec.
Since it was created in 2015, founder Jim Hall has steered Clyde Munro from seven practices to 54 across Scotland, with more than 200 dentists, 400 staff and 460,000 patients.
The funding package also includes an “ESG ratchet” which will reduce interest repayments on the funding as Clyde Munro achieves its sustainability performance targets.
