Hutton Dental Group is assembling a group of profitable, mixed NHS and private dental practices across affluent Southern England. Investors participate through a committed strip of loan notes and ordinary shares: capital and the rolled-up coupon are repaid first if the platform underperforms, with ordinary shares that participate in the value created if it succeeds.
For investment professionals and qualifying investors only. Capital at risk.
UK dentistry remains overwhelmingly independent, and consolidation is well established: larger groups have already proven the model, and considerable headroom remains.
Individual practices are acquired at the entry multiples paid for single practices. At exit, an established group commands a materially higher multiple. That difference is the principal driver of investor returns.
Dentistry is essential, recurring healthcare. Mixed NHS and private revenue in affluent catchments produces dependable cashflow through the economic cycle.
The platform is founder-led, with more than seventeen years’ experience across private equity, healthcare strategy and dental transactions, including advisory work at the most senior levels.
Loan notes give investors seniority over all ordinary equity if the platform underperforms, while ordinary shares provide full participation in the upside.
If the platform underperforms, principal and the accrued coupon on the loan notes rank ahead of all ordinary equity, including the founder’s, in the waterfall.
LOAN NOTES · PAID FIRSTInvestors also hold ordinary shares from first close and share in the value created across the group at exit.
ORDINARY SHARES · UPSIDECommitted capital is drawn only as it is needed, and the coupon is paid in kind, compounding from each drawdown rather than being paid in cash during the build period.
From Year 2, operating cash from acquired practices funds later acquisitions, reducing the capital drawn from investors across the programme.
The coupon, equity terms, full waterfall mechanics and the underlying Financial Model are set out in the Investment Memorandum, available to qualifying investors on request.
Hutton Dental Group acquires a majority interest in each practice. The selling principal retains a minority stake and continues in clinical leadership as Clinical Director and CQC Registered Manager, keeping experienced clinicians invested in the performance of their practice.
Mixed NHS and private, with at least a quarter of revenue private
Associate-led, with profits that do not depend on the principal
Two to four surgeries
Freehold or long-leasehold premises
A principal who wants to stay on clinically
Affluent communities across the South East, South West and Hertfordshire
We focus on a limited number of affluent towns and build local density, rather than acquiring opportunistically across the country.
…and other established communities across Southern England and Hertfordshire, with selected outer London areas from Year 3.
For owners considering a sale, our model offers a way to realise value now while retaining an ownership stake and a continuing clinical role.
Hutton Dental Group acquires a majority interest; the principal retains a minority share and continues to lead clinically. The specifics — valuation and the ongoing arrangement — are agreed individually with each principal, in confidence and without obligation.
Speak to us confidentially →Hutton Dental Group applies institutional discipline to independent dentistry.
Our team draws on more than seventeen years in private equity, healthcare strategy and transaction structuring, including direct work in the dental sector and healthcare advisory at the most senior levels. That experience covers funding growth, operating compliant healthcare businesses and structuring transactions that keep clinicians aligned.
The programme has a defined scope: a focused group of strong practices, assembled over five years and operated for the long term.
The Investment Memorandum and Financial Model set out the full structure, terms and projected returns. They are provided to qualifying investors on request, in confidence.
For investment professionals and certified high-net-worth or sophisticated investors. The Investment Memorandum is available on request.
investors@huttondental.groupA private, no-obligation conversation about your practice and your objectives.
partnerships@huttondental.groupWe respond quickly to introductions and welcome off-market opportunities.
deals@huttondental.groupAll enquiries are treated in strict confidence.