Scottish Dental Care Group secures multi-million pound investment from BGF
The Scottish Dental Care Group, a national dental provider, has secured a multi-million-pound minority investment from BGF, the UK and Ireland growth capital investor.
With a turnover of £11 million, Scottish Dental Care Group currently operates 15 clinics across the central belt, Dumfries and Galloway, the Highlands and Grampian. This includes the recently acquired Castle House clinic in Inverness, and the Grandholm and Granite City clinics in Aberdeen. BGF’s multi-million-pound investment will help the growing dental group to implement ambitious growth plans in the coming years through the continued acquisition of high-quality clinics across Scotland.
Founded in 2016 by brothers Philip and Christopher Friel, Scottish Dental Care offers a full range of NHS, private and cosmetic dental treatments, including all aspects of dental implant and reconstructive dentistry, together with short-term orthodontics and facial aesthetic treatments across its clinics.
Dr. Philip Friel has been a practicing dentist for more than 20 years and leads the clinical side of the organisation, and is a former President of the Association of Dental Implantology. Meanwhile, Christopher Friel, formerly a successful corporate lawyer before joining the Group as Managing Director, leads the business operationally and identifies expansion opportunities.
Scottish Dental Care’s head office is based at its Advanced Dentistry clinic in Hyndland, Glasgow.
Alongside the investment, healthcare sector expert James Buckley will join the board as Non-Exec Chair. James was introduced to the firm through BGF’s Talent Network and has previously sat on two boards backed by BGF. He has a successful and proven track record as Chair and CEO to a number of healthcare buy and build focused companies.
Philip Friel, Director of Dentistry at Scottish Dental Care, commented: “We are delighted to have secured the support of BGF and look forward to working closely with the team as we further grow our presence in the Scottish dental market. Scottish Dental Care has gone from strength to strength in recent years and we are incredibly proud of the accolades we have received for delivering high quality and in many cases, life-changing treatments.”
Euan Baxter, investor at BGF, commented: “Philip and Christopher have grown an excellent business through their commitment to providing high-quality care and the provision of desirable dental treatments. There is no doubt their success is rooted in their commitment to excellence and the welcoming culture they have fostered.
“Favourable market conditions and a clear growth strategy puts Scottish Dental Care on an incredibly positive trajectory. BGF is pleased to be able to support them as they expand and seek to acquire other clinics in key growth areas across the country. We are delighted to be supporting them.”
BGF is a long-term patient investor, making initial investments between £1 million to £15 million for a minority equity stake. The investment in Scottish Dental Care comes off the back of a record year for BGF in Scotland, having invested close to £60 million in a diverse range of sectors, from technology to healthcare to consumer goods.
The advisors to the transaction were Pinsent Mason (legal) and Azets (tax) for the company, and CMS (legal) and Mazars (tax) for BGF.