Apposite's Riverdale bolts on Archway Dental Practice

Unquote understands that the acquisition was financed with a mix of equity deployed by Apposite and debt provided by Metro Bank.

This bolt-on follows the recent acquisitions of Hebburn and Pelaw dental practices in Tyne & Wear, inked one month ago, further strengthening the group footprint in north-east England.

Apposite invested in Riverdale alongside the company's management at the beginning of 2019, in order to support its acquisition of dental practice operator Alpha Vitality Group. Th GP invested via Apposite Healthcare Fund II, which held a final close in June 2018 on £145m and writes equity cheques in the £10-20m range. The fund has completed seven platform investments and eight bolt-on acquisitions so far. 

Company
Based in Stokesley, Archway Dental Practice was founded by dentist Mark Amos in 2009 and provides NHS dental care and treatments.

People
Riverdale Healthcare – Mark Seekings (CEO); Chris Aylward (chief investment officer).
Archway Dental Practice – Mark Amos (founder).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• UK / Ireland
• Healthcare
• Apposite Capital
• United Kingdom
• Build-up
• Buy-and-build