DC Advisory advised Duke Street and Oasis Healthcare on the sale of Oasis Healthcare to Bridgepoint

Oasis Healthcare (“Oasis”) is the leading full service dental provider in the UK.

DC Advisory (“DC”) was engaged by Oasis in April 2012 to advise on strategic options, including a partial or full exit of the investment by the shareholders.

The DC team provided detailed advice on preparing the business for a sale process while simultaneously testing the market to identify the most likely financial and strategic buyers.

DC also ran a thorough education process tailored to banking and institutional lenders and ultimately provided private equity bidders with deliverable, flexible debt financing to support their final bids.

The efficiently run debt process demonstrated strong appetite from prospective lenders across each layer of the capital structure with leverage of up to 4.25x run-rate EBITDA for senior only, 4.75x for unitranche and 5.5x for senior plus mezzanine structures, further supported by significant committed and uncommitted acquisition facilities.

Bridgepoint, a leading international private equity group focused on the mid-market, acquired Oasis Healthcare in a transaction valuing the business at c. £185m.

DC Advisory ran a first class bespoke process; the quality of their advice along with their access to and knowledge of the buyer universe played an integral role in achieving an excellent outcome for the business and all of its stakeholders.

We have worked closely with DC Advisory over the last 12 months and have been consistently impressed by their understanding of our business and market, their commitment and their ability to deliver clear, well thought-out advice in complex circumstances.