Palamon Capital Partners (Palamon) are to sell DD Group (DD), formerly branded Dental Directory, a UK and Ireland-focused dental and medical aesthetics distributor and service provider, to an affiliate of Sun European Partners.
The terms of the private transaction, which is expected to complete in June, have not been disclosed.
The sale concludes phase one of Palamon’s investment plan to return IDH to a pure-play dental services company, following the Firm’s reported £700 million deal, in partnership with the management team of IDH, to acquire The Carlyle Group’s majority position in August 2021. The proceeds from the divestment will significantly deleverage the business and provide substantial cash to support deeper investment into the existing network of clinics and M&A.
