{"id":652830,"date":"2013-04-17T06:02:16","date_gmt":"2013-04-17T10:02:16","guid":{"rendered":"http:\/\/www.pehub.com\/?p=196808"},"modified":"2013-04-17T06:02:16","modified_gmt":"2013-04-17T10:02:16","slug":"carlyle-and-palamon-capital-partners-acquire-dbg","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/652830","title":{"rendered":"Carlyle and Palamon Capital Partners Acquire DBG"},"content":{"rendered":"

The Carlyle Group<\/strong>, in partnership with Palamon Capital Partners<\/strong>, has acquired DBG Limited<\/strong>. Terms of the transaction were not disclosed. The sale represents an exit for Synova Capital<\/strong>. <\/p>\n

PRESS RELEASE<\/strong><\/p>\n

Global alternative asset manager The Carlyle Group (NASDAQ: CG) and Palamon Capital Partners today announced the acquisition of DBG (UK) Limited (\u201cdbg\u201d) from Synova Capital. The terms of the transaction were not disclosed. <\/p>\n

Operating for over 20 years, dbg 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. <\/p>\n

Eric Kump, Managing Director at Carlyle said \u201cdbg is a well-established business delivering clear benefits to its members, customers and suppliers. Carlyle and Palamon have a strong track record in this sector, having acquired Integrated Dental Holdings (\u201cIDH\u201d) in 2011. While the two businesses will be part of the same investment vehicle, dbg will remain independent and will benefit from the expertise of the investors.\u201d <\/p>\n

Jonathan Heathcote, Partner at Palamon, added \u201cThe existing management team has done a great job of delivering strong business performance and we look forward to building on this in the future as we explore the further growth opportunities in this sector.\u201d<\/p>\n

Speaking on the transaction, Managing Director of dbg, Kanesh Khilosia, commented \u201cWe are delighted to be partnering with Carlyle and Palamon. They strongly support our strategy to continue to grow and diversify dbg\u2019s services and support our members whose interests remain first and foremost. Carlyle and Palamon bring a wealth of sector experience, which will build upon that of the existing management. The prospect of greater co-operation with IDH, which operates the largest healthcare practise network in the UK, will significantly add to our ability to provide a superior, cost effective service to our members.\u201d<\/p>\n

Philip Shapiro, Managing Partner at Synova commented \u201cWe are very pleased with the completion of our successful investment in dbg. Since we acquired dbg in 2010, the membership base has more than doubled and profits have trebled. We thank the dbg management team and staff for their valuable contribution and hard work. Carlyle and Palamon have a clear vision and ability to continue this growth.\u201d<\/p>\n

-Ends-<\/p>\n

Enquiries<\/p>\n

The Carlyle Group
\nCatherine Armstrong catherine.armstrong@carlyle.com
\nT: +44 20 7894 1632<\/p>\n

Palamon Capital Partners
\nJonathan Heathcote heathcote@palamon.com
\nAnnette Wilson wilson@palamon.com
\nT: +44 20 7766 2000<\/p>\n

Synova Capital
\nPhilip Shapiro pshapiro@synova-capital.com
\nT: +44 (0)20 7491 5705
\nNotes to editors<\/p>\n

About The Carlyle Group
\nThe Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $170 billion of assets under management across 113 funds and 67 fund of fund vehicles as of December 31, 2012. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pension funds. Carlyle invests across four segments \u2013 Corporate Private Equity, Real Assets, Global Market Strategies and Fund of Funds Solutions \u2013 in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, technology & business services, telecommunications & media and transportation. The Carlyle Group employs 1,400 people in 33 offices across six continents.<\/p>\n

Web: www.carlyle.com
\nVideos: www.youtube.com\/onecarlyle
\nTweets: www.twitter.com\/onecarlyle
\nPodcasts: www.carlyle.com\/about-carlyle\/market-commentary<\/p>\n

About Palamon Capital Partners
\nPalamon Capital Partners, LP is an independent private equity Partnership founded in 1999, which is focused on providing equity for European growth services companies. Palamon, as a pan-European investor, originates, executes and manages investments in the UK, Italy, Spain, Denmark, Belgium, Sweden, France, and Germany. The Firm targets investments in companies where it can achieve double digit growth and where the Partnership\u2019s experienced principals can provide strategic direction and support to help build equity value. The Firm manages Palamon European Equity, L.P. and Palamon European Equity II, L.P., capitalised at \u20ac1.1 billion dedicated to growth investment opportunities in Europe\u2019s lower mid-market. <\/p>\n

For more information on Palamon refer to www.palamon.com<\/p>\n

About Synova Capital
\nSynova invests in smaller UK growth opportunities with a particular focus on companies valued at between \u00a35m and \u00a330m. Key verticals include Business Services, Software & IT Services, Consumer & Leisure and Healthcare & Education.<\/p>\n

For more information on Synova Capital refer to www.synova-capital.com<\/p>\n

Alex Bowden
\nPartner<\/p>\n

41 Dover Street London W1S 4NS
\nT: +44 (0)20 7491 5711 F: +44 (0)20 7491 5706 M: +44 (0)7971 677 330 E: abowden@synova-capital.com
\nwww.synova-capital.com<\/p>\n

DISCLAIMER: This communication may contain privileged or confidential information. If you are not the intended recipient, you are hereby notified that you have received this message in error and that any review, dissemination, distribution or copying of this message is strictly prohibited. Any views or opinions presented are solely those of the author and do not necessarily represent those of Synova Capital LLP. If you have received this communication in error, please notify us immediately by e-mail and delete the original message. <\/p>\n

Synova Capital LLP is authorised and regulated by the Financial Conduct Authority (FCA).
\nSynova Capital LLP is a limited liability partnership. Registered in England No. OC329299
\nRegistered office: 41 Dover Street, London W1S 4NS<\/p>\n

The post Carlyle and Palamon Capital Partners Acquire DBG<\/a> appeared first on peHUB<\/a>.<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The Carlyle Group, in partnership with Palamon Capital Partners, has acquired DBG Limited. Terms of the transaction were not disclosed. The sale represents an exit for Synova Capital. PRESS RELEASE Global alternative asset manager The Carlyle Group (NASDAQ: CG) and Palamon Capital Partners today announced the acquisition of DBG (UK) Limited (\u201cdbg\u201d) from Synova Capital. […]<\/p>\n","protected":false},"author":7999,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-652830","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/652830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7999"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=652830"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/652830\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=652830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=652830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=652830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}