HMT, led by Partner Paul Read, Director Corin Briault-Hutter and Manager Josh Valentin undertook financial due diligence for Ethos Partners (‘Ethos’) on their partnership with Labyrinth Dental, one of the UK’s leading dental laboratory groups.
Based in Birmingham, Labyrinth Dental is the fourth largest full-service dental laboratory in the UK. Labyrinth Dental brings together eight specialist laboratories on a single site, providing a well invested centre of excellence to serve more than 2,000 dentists nationwide across the NHS and private sectors with crowns and bridges, dentures, orthodontics, implants and whitening. Labyrinth Dental combines deep technical expertise with a modern, digitally enabled manufacturing platform, operating 24 hours a day with an in-house logistics network that delivers nationwide with industry-leading turnaround times.
Over the last three years, Labyrinth Dental has delivered strong revenue growth, at a compound annual growth rate in excess of 20%, while sustaining market-leading margins. An early adopter of intraoral scanning, CAD/CAM and 3D printing, the Group now receives a growing majority of its cases digitally and has built an exceptional reputation for product quality, responsiveness and service, reflected in outstanding customer satisfaction and advocacy scores.
Ethos and Beechbrook, who provided senior debt facilities, are partnering with the founding team to add capital and expertise to accelerate the roll-out of Labyrinth Dental’s scanner proposition to customers, with free scanners and training offered to support best-in-class product and patient care.
“We greatly valued the support and expertise provided by the HMT team throughout due diligence. Their commercial insight, responsiveness and ability to focus on the key value drivers gave us confidence at every stage of the process.”
– John Naylor-Leyland, Partner at Ethos
“This partnership reflects the continued strength of the dental services market and the attractive opportunities available in specialist healthcare. It was a pleasure to support the Ethos team through a fast-paced process, providing financial due diligence to help them make a well-informed decision. We look forward to seeing the business continue its growth journey.”
– Paul Read
