Mon, 20 Mar 2023 | BUSINESS SALE
Welsh law firm JCP Solicitors has advised on £78 million in dental practice M&A deals in the space of just over four years. The company, which is headquartered in Swansea and has further offices across South and West Wales, has been advising on dental transactions since establishing its specialist healthcare team in 2018.
The impressive activity driven by JCP has come amid a period of significant consolidation within the UK’s dental sector, which remains highly fragmented. The industry has seen significant growth over recent years as a result of factors including pent-up post-COVID demand and the growing popularity of cosmetic and aesthetic procedures.
This has attracted considerable investment from private equity firms, which often back buy-and-build strategies at small groups or independent operators, while large corporate dental groups have also been active buyers.
JCP’s healthcare team is headed by Chris Davies, an associate member of the National Association of Dental Accountants and Lawyers (NASDAL). JCP is one of three Welsh law firms to have a NASDAL associate member in its team.
The firm’s dental M&A activity shows no signs of slowing down, with a further £25 million of transactions due to be completed during 2023.
Chris Davies, NASDAL associate member and head of JCP’s healthcare team, commented: "We are a sector leader in advising on healthcare transactions thanks to the experience and knowledge of our dedicated Cardiff-based team."
"Over the past four years our team has advised on numerous transactions, with businesses turning to us repeatedly when they sell or acquire a practice to ensure the transaction is handled skilfully."
"I'd like to congratulate the healthcare team for their persistent dedication to ensuring the success of the team. We are now focussed on maintaining this momentum and looking ahead to further growth in 2023."
Dr Paul Jones, a dental client who recently completed the acquisition of his fifth Welsh practice with JCP, commented: "I am delighted to have worked with JCP Solicitors on the purchase of my fifth practice and I'd like to thank them for their support and professionalism throughout this process."
"Their wide-ranging experience in dealing with the purchase of my dental practices has been evident throughout, and their advice and guidance has been absolutely invaluable to ensuring that everything went smoothly."
Chris Davies added: "We are pleased to have advised Dr Jones on the purchase of his latest practice which has seen him strengthen his dental portfolio even further. As a NASDAL member it is my privilege to help support the growth of the vital dental industry across Wales and the UK. We are proving to be a highly trusted source for dental practitioners looking to make the next move, and we’d encourage anyone considering this to get in touch."
As well as dental practices, JCP Solicitors also advises on the sale and purchase of healthcare businesses including pharmacies, opticians and care homes throughout England Wales. The firm also provides advisory services on partnership and shareholder arrangements for dental practices, GPs, veterinary practices and other healthcare professionals.
Read more about mergers and acquisitions in the UK dental sector.
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