A group of private equity firms is vying for control of MyDentist, the UK’s largest provider of NHS dental services, with several high-profile investors making bids for the business, according to a report by SkyNews.
Sources have confirmed that Bridgepoint, Cinven, and Triton Partners are among the firms that have submitted indicative offers. TDR Capital, the private equity firm behind Asda, has also been actively involved in the sale process, according to banking sources.
The owners of MyDentist are hoping to secure a valuation of around £900m, though sources suggest the final deal may come closer to £800m.
A subsidiary of Integrated Dental Holdings, MyDentist operates approximately 600 dental practices across the UK and has been owned by Palamon Capital Partners since 2021. Prior to Palamon’s acquisition, the business was under the ownership of global private equity player Carlyle.
The auction process for MyDentist is being managed by Morgan Stanley, with bids taking place amid growing concerns regarding the accessibility of NHS dental services in the UK.
In addition to the main bidders, HIG Europe has also shown interest in acquiring MyDentist, though it remains unclear whether the firm is still actively involved in the auction.
None of the parties involved in the sale process have provided official comments.
