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Business Description

IDH trades under the mydentist brand and is Europe’s largest vertically-integrated dental business and the United Kingdom’s number one dental practice chain. The company operates under NHS dentistry contracts across a network of practices throughout England, Scotland, Wales and Northern Ireland.

IDH dental practices, operating under the “mydentist” brand, offer a broad range of primary care dental services, including dental examinations, fillings and extractions, as well as more specialised dental services such as cosmetic dentistry and orthodontics. IDH is also a leading provider of private dentistry services in the United Kingdom, which has grown quickly as the UK economy has strengthened.

IDH operates in the UK dental market, which benefits from stability in terms of volume and pricing and from favourable systemic trends, including continued government focus on improving access to dental services, favourable demographic trends and an increasing overall spend on dentistry. Through their practice services division, IDH is a leading supplier of dental and other medical consumables and materials and services (including installation and servicing of specialized dental equipment), selling dental supplies and services to dental practices, including its own patient services division’s dental practice.

Bond Information

Coupon
6.25%
15 Aug 2022
Repaid On
24 Aug 2021
Previous Payment
15 Aug 2022
Interest Period
6 months
XS1458419501
Senior Secured
£275,000,000
S&P:  CCC
Moody's:  Caa2
Fitch:  WD
15 Aug 2018 at 103.125
15 Aug 2019 at 101.563
15 Aug 2020 at 100
Status
Repaid

* Current Yield and Yield to Maturity are on estimated return calculations and not guaranteed. All yields shown are gross of Taxation and our Service Fee.

Company Information

Company Legal Name
IDH Finance plc
Industry
Healthcare
Country of Origin
UK
Year of Incorporation
1999
Ownership Status
Private

Capital Structure

Type £m x EBITDA* % of capitalisation* Coupon* EBITDA/Interest*
Cash and equivalents na na na na na
Net super senior debt na na na na na
1st lien secured debt na na na na na
2nd lien secured debt na na na na na
Net debt na na na na na
Equity value na na na na na
Enterprise value na na na na na
LTM EBITDA 45.96          
Cash Interest 41.66          

Source: Aggredium

* An asterisk next to an item indicates there is additional information available if you hover over it. You can also find a definition of the terms used on this page in our Glossary.

Based on mooted multiple in July 2017

Key Financials

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Important News

18 Aug 2021

The IDH Group is pleased to announce that it has partnered with Palamon Capital Partners to enter into a binding share purchase agreement to acquire The Carlyle Group’s majority shareholding and the shares held by the other minority shareholders in IDH Group.

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