Integrated Dental Holdings Feb 2011

On 28 January 2011, our client, Integrated Dental Holdings (IDH), announced that its shareholders (comprising Bank of America Merrill Lynch Capital Partners (BAML CP) and management) had agreed to sell their respective holdings to an entity controlled by the Carlyle Group and Palamon Capital Partners.

IDH is the largest provider of NHS dentistry services operating more than 315 dental practices across the UK. It was acquired by BAML CP in 2008 from LGV Capital

As part of the same transaction, IDH will be merged with Associated Dental Practices, the second largest NHS dentistry service provider and an existing portfolio company of Palamon. Richard Smith, CEO of IDH, will lead the combined entity. Canaccord Genuity acted as joint financial advisor to IDH alongside Bank of America Merrill Lynch - this is the third time Canaccord Genuity has sold IDH in five years.

Canaccord Genuity acted as joint financial advisor with Bank of America Merrill Lynch.