Slaughter and May advised Palamon Capital Partners (“Palamon”) on its partnership with the management team of IDH Group (“IDH” or the “Company”) to acquire the shareholding of The Carlyle Group (“Carlyle”) in the Company, as well as the shares of certain other minority shareholders, and become the sole equity sponsor. The transaction is expected to complete in the third quarter of 2021 following receipt of regulatory approvals and will be accompanied by a full refinancing of the Company’s third-party borrowings.
Palamon has been a long-term investor in IDH, having originally acquired the business in 2011 in partnership with Carlyle. IDH offers dental treatments to more than five million patients every year through its network of almost 600 dental practices operating under the {my}dentist brand. IDH also owns Dental Directory (now branded DD), one of the UK’s largest suppliers of dental and beauty products, which services more than 12,000 dental practices and 6,000 beauty clinics.