Dunedin-owned Practice Plan acquires two firms
Dunedin-backed Practice Plan has acquired dental plan provider Isoplan and dental patient finance provider Medenta.
The two bolt-ons will support the expansion of its UK national footprint and extend the services available to Isoplan customers.
The investor acquired Practice Plan in 2005 for an undisclosed amount.
The deal originated through an existing working relationship between the firms and Dunedin provided additional capital for the acquisition.
Company
Isoplan is a dental plan provider for the UK, based in Glasgow. Medental is based in Irvine and provides financial planning services for dental treatment.
The companies will be combined with provider of membership plans and other support services Practice Plan. Founded in 1995, the Practice Plan is headquartered in Shropshire and employs about 75 people.
People
Oliver Bevan is investment manager at Dunedin.
Advisers
Equity - KPMG (Financial due diligence), Addleshaw Goddard (Legal), Grant Thornton (Tax due diligence)
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