Livingbridge today announces the sale of its stake in Portman Dental Care, the fastest growing, privately led dental group in the UK.
Founded in 2009 by Sam Waley-Cohen, Livingbridge invested in Portman in 2014. Since then, this investment has helped grow the group from 27 to over 75 practices across the UK, building a strong reputation for modern facilities, patient friendly appointments, friendly and caring staff and the highest clinical standards. Sam Waley-Cohen will remain as CEO, with the Waley-Cohen family retaining a significant stake in Portman.
Portman’s management team has also been bolstered significantly over the past four years with the recruitment of current Chairman, Richard Connell, along with the recruitment of a COO and M&A director.
Commenting on the exit, Sam Waley-Cohen, CEO said:
“I would like to thank Livingbridge for their support over the last three years, during which time they have helped us grow to over 75 practices across the UK and establish Portman Dental Care as the fastest growing, privately focussed dental group in the UK, whilst retaining our core values of putting our people first and looking after our patients. I am delighted to have found a supportive investor in Core Equity Holdings and am excited about the future direction of the business as together we look to deliver the next phase of our growth plans.”
Adam Holloway at Livingbridge, said:
“Sam and the team at Portman have built a fantastic company which is now one of the shining stars of the sector. We are delighted to have played our part to help grow the business further and look forward to seeing the business continue to grow over the coming years.”
Bart Wouters at Core Equity Holdings, said:
“We are very impressed by the unique and differentiated dentistry company Sam and his team have built and are excited to support them in the next phase of their journey. This partnership is very much aligned with our strategy to provide patient, long term capital to ambitious founders and their teams, to enable them to actively grow their business, both organically and through M&A.”