Hutton Dental Group is assembling a group of profitable, mixed NHS and private dental practices across affluent Southern England. Investors participate through a convertible loan note: capital and the rolled-up coupon are repaid first if the platform underperforms, with the right to convert to equity 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 single-practice entry multiples. 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-sector transactions, including advisory work at the most senior levels.
The note gives investors seniority over founder equity if the platform underperforms, while preserving full participation in the upside through conversion.
If the platform underperforms, investors elect to redeem: principal and the accrued coupon rank ahead of founder equity in the waterfall.
ELECTION · REDEEMIn the base and upside cases, investors elect to convert into equity and share in the value created across the group at exit.
ELECTION · CONVERTThe coupon is paid in kind and compounds annually rather than drawing cash, preserving capital for acquisitions 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 conversion cap, coupon, 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 sustainable practitioner-led profitability
Two to four surgeries
Freehold premises preferred
A principal who wants to stay on clinically
Affluent communities across the South East and South West
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 the South of England.
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, the size of the retained stake 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.