A DENTAL company hoping to emulate the success of high street brands such as Boots and Specsavers is gearing up for a London flotation, after boosting revenues by a third.
Integrated Dental Holdings (IDH), which has started trading under a brand called mydental, is exploring plans to list and has been working with Goldman Sachs and Credit Suisse on a £1bn float plan.
Last week, the group, co-owned by private equity firm Carlyle, said that turnover rose 31.1 per cent to £534.2m for the full year ending 2015. Operating earnings were up 13.3 per cent to £76.8m.
The company has been pursuing ambitious expansion plans by buying up dental practices, acquiring 18 sites in the first three months of this year alone.
Private equity firm Palamon also owns a 20 per cent stake in the company.