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Clyde Munro secures £25m investment for acquisitions

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Clyde Munro secures £25m war chest for acquisitions

Scotland's largest dental group is set for further expansion after receiving a new £25m cash injection from its biggest backer.

It brings the total Investec has pumped into the company since Clyde Munro was founded in 2015 by Jim Hall to £55m. "It also gives us the firepower required to continue our amazing growth and deliver further on our clearly-stated ambition of becoming Scotland's local dentist."The Investec funding package includes a mechanism which will reduce interest repayments as Clyde Munro achieves certain sustainability performance targets.

It said many dental practice owners had become "disillusioned" by the impact of Covid-19 and were looking "either for an exit or for a chance to focus on their clinical work".

 

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