Global asset manager The Carlyle Group in conjunction with Palamon Capital Partners have announced the acquisition of DBG Limited from Synova Capital. The financial terms of the acquisition was not disclosed.
DBG operates as a specialist healthcare support service provider for training, compliance support, engineering services as well as materials and equipment management. DBG utilizes a membership based model that works alongside nearly 8,000 DDM, GP and DVM practices in the United Kingdom.
According to Eric Kump, Managing Director at Carlyle, "DBG is a well established business delivering clear benefits to its members, customers and suppliers. Carlyle and Palamon have a strong track record in this sector having acquired Integrated Dental Holdings (IDH) in 2011. While the two businesses will be part of the same investment vehicle, DBG will remain independent and will benefit from the expertise of the investors."
Kanesh Khilosia, Managing Director of DBG said, "We are delighted to be partnering with Carlyle and Palamon. They strongly support our strategy to continue to grow and diversify dbg's services and support our members whose interests remain first and foremost. Carlyle and Palamon bring a wealth of sector experience, which will build upon that of the existing management. The prospect of greater co-operation with IDH, which operates the largest healthcare practise network in the UK, will significantly add to our ability to provide a superior, cost effective service to our members."
Join the Conversation