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Synova acquires The Dental Buying Group

Synova Capital, a UK private equity firm focused on the lower mid-market, has acquired The Dental Buying Group, a provider of dental services and products.

DBG operates a membership model providing services to over 4,500 dental practices across the UK.

Members pay an annual fee to gain access to DBG’s portfolio of products and services, including dental engineering and radiography services, health and safety provision and training and compliance services.

As part of the transaction, Synova has partnered with DBG’s chief executive John Rochford.
 
Rochford says: “DBG provides through our highly skilled team, a unique set of services and products to over a third of dental practices across the UK. I believe that the legislative changes targeted at the dental sector combined with a number of new products and services that we will bring to market will generate significant growth over the next few years. Partnering with Synova during this period will provide us with the financial resources and strategic direction to realise that growth potential.”
 
Philip Shapiro, a managing partner of Synova, adds: “We are delighted to be partnering with a proven, successful and ambitious management team in a market that contains many exciting growth prospects. We believe that the business should benefit significantly from both the increasing regulation of the dental sector as well as our investment in additional trainers and practice audit services.”

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