The Richardson family business has invested into Todays Dental Group Limited, an ambitious UK based dental platform. It currently comprises eight dental practices across the country and aims to grow to more than 50 dental practices through a buy and build strategy.
The investment has been made alongside Lonsdale Capital Partners, a private equity firm focused on the mid-market in the UK and Europe.
Todays Dental is led by CEO Rob Paxman and a senior team who have significant commercial, clinical and operational experience in the sector as a result of previous extensive tenures within larger dental corporates.
The team has deep and longstanding relationships within the dental industry and brings with it a strong initial pipeline of acquisition targets from which it will look to add to the platform.
Todays Dental offer an attractive model to non-corporate-owned dentists through the centralisation of certain of their back office and administrative functions, as well offering the opportunity to participate in the future financial success of the group as a whole.
A spokesperson for RCL Partners, the retained advisors to the Richardson Family who advised on the deal said:
“We are delighted with this investment in Todays Dental and are excited by the growth prospects for the business.
Rob Paxman and his team are very experienced and well regarded within the dental sector and are well placed to develop a platform that can scale and deliver a patient focused service in a sector that we know well. We are always looking to support strong and ambitious management teams”
Rob Paxman, CEO at Todays Dental said: “Our vision is to evolve a dental group which is truly people-focused. Our support team will provide the resources and expertise to enable dental teams to focus upon patients, making the best decisions for their practice at a local level. Our leadership approach is to collaborate and evolve together. We will measure our success through the happiness of our people, as well as the profits we create.”