G Square buys Dental Care Group

DCG's founders will retain a significant minority stake and will continue to manage the business alongside G Square. The company's board will be chaired by Ted Smith, operating partner at G Square, while the GP's Laurent Ganem and Oliver Hoenich, respectively CEO and investment director, will have a seat on the board alongside DCG's CEO, Sanjay Shah, and co-founder Parish Vaid.

According to Unquote sister publication Mergermarket, G Square was competing with Sovereign Capital Partners in the second round of the auction for DCG.

This is the first investment made by G Square Capital III fund, which was launched in May 2018 with a target of €450m. The GP's previous fund, G Square Capital II, held a final close in February 2017 on its €350m hard-cap.

G Square targets European mid-cap healthcare companies with high growth potential. Its investments range from growth financings to leveraged buy-ins and buyouts, targeting both growing companies in early stages of development and mature companies with expansion potential.

Company
Established in 2010 and headquartered in Brentwood, DCG manages 21 dental practices across the east and south-east of England. The company provides a range of services from cosmetic dentistry to dental implants and emergency dental care. The company generated gross profit of £7.7m from revenues of £15.7m in 2018.

People
G Square Healthcare Private Equity – Oliver Hoenich (investment director).
Dental Care Group – Sanjay Shah (co-Founder, CEO).

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• Topics
• Buyouts
• UK / Ireland
• Healthcare
• G Square Capital
• United Kingdom