Dental corporate seeks to raise new funding
Dental corporate, Oasis, is reported to have appointed DC Advisory to lead its attempt to raise £250 million-plus in order to expand.
Duke Street Capital, the private equity majority owner of Oasis, needs to raise a fresh injection of funding — either by attracting a new investor, or selling the company.
Justin Ash, the chief executive of Oasis told the Sunday Telegraph: “’I don’t know what is the best option, that is why we have appointed DC Advisory, But we need someone who is committed to our aggressive expansion plans.’
Mr Ash said 900 independents could be forced to sell up or close as a result of stricter regulation and pressure on dentists to invest more heavily in their practices.
He said about half of his target of 400 extra practices could come from opening new outlets, and half by snapping up independents forced to throw in the towel.