Four dental and orthodontic practices in Chelmsford have plenty to smile about after completing a management buyout that will see the next generation of a family business take the reins.
Law firm Fisher Jones Greenwood (FJG) advised SAS Dent Limited on the acquisition, which brings the four established practices together under a single corporate structure.
The deal sees ownership transfer from Tony Clough to his son Thomas Clough and nephew Anthony Barrett, who have both played key roles in developing the businesses over several years.
As directors of SAS Dent, the pair plan to build on the practices’ existing success, investing in their teams, facilities and patient care.
Anthony and Thomas said: “This is an incredibly proud moment for us both and the culmination of several years of hard work.
“Having dedicated our professional lives to these practices, we are immensely proud of what we have helped build and excited to now take ownership and shape their future.
“Our ambition is to build on the strong foundations already in place, continuing to invest in our practices, support our fantastic teams and deliver the highest standards of dental care to our patients and the local community.”
FJG advised on the legal due diligence, acquisition documentation, financing and completion arrangements, working alongside corporate finance adviser Affinia.
The legal team was led by senior associate Natasha Bhandari, supported by Ashton Carter, partner and head of corporate and commercial, alongside colleagues from the firm’s corporate and real estate teams.
Natasha added: “It has been a pleasure to support SAS Dent Limited on this important acquisition.
“Bringing four businesses together in one transaction involved a number of connected legal and commercial considerations, so it was particularly rewarding to help the client work through that process and reach a successful completion.
“We look forward to seeing the businesses continue to develop as part of the wider SAS Dent group.”
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