Carholme Dental Group Ltd, which has its main practice at Chadwell Heath, Essex, has recently acquired a new practice in Leeds and has plans for further growth in the coming months.
Co-owned by business partners Jonathan Schonberg and Gabriela Staneviciene, the Group has two existing practices in Bradford and another in Lincoln and is in discussions about the acquisition of a further five. Clydesdale Bank’s £6m funding package includes refinancing of the existing four surgeries, support for the acquisition of the Leeds practice and delivery of £2.4m support for planned expansion.
Carholme Dental provides a mix of NHS and private patients with a full range of services including general dentistry, orthodontic treatment, implants and cosmetic dentistry. The Group has more than 40 full and part-time dentists and anaesthetists across its surgeries.
Jonathan Schonberg commented: “We’re continuing to target growth for the business and, following the opening of our new Leeds surgery, we’re already making good progress on a number of other acquisitions. The team at Clydesdale Bank have been extremely easy to deal with, have a comprehensive understanding of the sector and have shown a real enthusiasm for supporting our business.
“We fully expect our current acquisitive phase to continue and we look forward to working closely with Clydesdale Bank as this progresses.”
Patrick Brennan, Clydesdale Bank’s national lead for the dental sector, said: “Under the leadership of Jonathan and Gabriela, Carholme Group has shown a real appetite for expansion. We’re already in discussions with them about their plans for further acquisitions and we look forward to supporting their ambitions to develop the Group.
“Our support for Carholme typifies our approach to this sector which is aimed at delivering funding which meets the demands of 'dental entrepreneurs' with ambitious business plans."