Apollo Global Management is leading a £600m private debt financing package to support Bridgepoint’s acquisition of UK dental group Mydentist, according to a report by Bloomberg citing sources familiar with the matter.
KKR’s private credit arm is also participating in the deal, which includes a £475m unitranche loan and an additional acquisition facility.
The financing will support Bridgepoint’s majority stake purchase of Mydentist from Palamon Capital Partners, announced earlier this week. The acquisition line will give the business flexibility for future bolt-on deals.
Mydentist operates more than 500 dental practices across the UK.
Apollo and Bridgepoint declined to comment. KKR and Mydentist did not respond to requests for comment.
