Member Article

Yorkshire lawyers advise on DBG sale

Lawyers from the Leeds office of international law firm Pinsent Masons have advised Synova Capital on its disposal of DBG (UK) Limited to global alternative asset manager The Carlyle Group and Palamon Capital Partners.

Operating for over 20 years, DGB is a specialist healthcare support services provider of training, compliance support, engineering services, materials and equipment.

Using a membership-based model, DBG works alongside over 8,000 dental, GP and veterinary practices throughout the UK, and is headquartered in Winsford, Cheshire.

Philip Shapiro, managing partner of Synova, said: “We are very pleased with the completion of our successful investment in DBG. Since we acquired the company in 2010, the membership base has more than doubled and profits have trebled. Carlyle and Palamon have a clear vision and ability to continue this growth.”

KPMG Corporate Finance acted as lead advisor, with Synova being advised by Andrew Hodgson and Tim Spooner. Andrew, corporate finance partner at KPMG Bristol, said: “DBG is an outstanding business and Synova has done a great job in reading how the market was developing and focusing the company’s strategy accordingly.

“DBG’s recent and forecast growth made it a very attractive business and I fully expect it to go from strength to strength in partnership with its new owners.”

The Pinsent Masons Leeds team advising Synova on the deal was led by corporate partner Peter Wood and senior associate Michael Walby.

Commenting on the deal, Michael said: “We are very pleased to have worked with Synova and the DBG management team on this important transaction and wish the company well in the next exciting stage of its development.”

This was posted in Bdaily's Members' News section by Mark Lane .