STRATEGIC DEAL SECURED FOR LEICESTER DENTAL COMPLIANCE FIRM
LEADING UK healthcare operations software provider Agilio has announced an innovative deal with Leicester-headquartered consultancy Dental Compliance Made Easier (DCME).
The deal has been supported by Knight Corporate Finance acting as lead advisor to the business’ shareholders and East Midlands law firm Nelsons, which has been representing the Leicester-headquartered DCME throughout the process.
Founded by Rajiv Lakhani in 2018, DCME supports dental practices to streamline their processes and achieve complete compliance through digitalisation. The firm has 34 employees and boasts 2,500+ dental practice members.
Rajiv Lakhani, CEO and founder of DCME, said: “After an incredibly successful journey of building a business that meets the needs of practices seeking a simple-to-use compliance product, we are delighted to be partnering with Agilio and its range of products so we can invest even more strongly in servicing customers’ evolving requirements.
“I am grateful to both Rik and Alex for their support in securing this deal and look forward to what the future holds.”
The integration of DCME and Agilio aligns with both companies’ long term growth plans and the collaboration will position them as leading providers of operations software to the dental compliance sector.
DCME will continue to focus on serving its existing and new independent practices and dental groups while larger dental organisations will have the choice of Agilio’s scalable multi-product platform suitable for bigger groups and Dental Service Organisations (DSOs).
Rik Pancholi, partner and corporate law specialist at Nelsons, said: “I have worked with Rajiv for a number of years, and having both grown up in Leicester, it is always a privilege to see businesses in the local community succeeding. This deal is an incredible investment for DCME and I have been able to guide Rajiv through the process at each step, to ensure full reassurance.
“This project has also been a huge achievement for Nelsons and our specialist corporate team in Leicester, getting to work with such high-profile equity firms and their teams, and I am proud to have been involved.”
Alex Stewart, director at Knight Corporate Finance, said: “DCME has delivered considerable growth in recent years, becoming a prominent software solution in the Dental Compliance sector. It has been an absolute pleasure supporting the Founders during this transaction and I look forward to watching DCME continue to flourish in this new partnership.”
Neil Laycock, CEO at Agilio said: “This is an innovative deal that allows Agilio and DCME to provide greater choice to the dental industry with products suited to the full range of customer needs. Rajiv has built a strong entry-level compliance solution, and he will continue to lead the development of the DCME compliance product for independents and smaller dental groups. Both Agilio and DCME are ambitious, fast-growing companies with reputations for excellent customer service. We are looking forward to this new partnership.”
The move comes following Agilio’s successful backing from Five Arrows, the alternative assets arm of Rothschild & Co., and TA Associates, a leading global private equity firm earlier this year.
ENDS