24 October 2023
Translink Corporate Finance acted as advisors to the shareholders of Ortho-Care (UK) Limited, a value-added distributor of Orthodontic products, on the sale to Lifco.
Founded in 1982 by Kelvin Scott and Richard Garford, Ortho-Care has established itself as a leading supplier of orthodontic products within the UK, built upon a customer-centric strategy and proficient order fulfilment. Ortho-Care currently supplies more than 2,000 globally sourced products to a customer base of over 2,500 orthodontic practitioners.
Lifco is a Sweden-based investment company listed on Nasdaq Stockholm. The group consists of over 200 operating companies in over 30 countries across its core business areas of dental, demolition and tools, and systems solutions. The dental business includes manufacturers and suppliers of consumables, equipment, and technical services to dentists in Europe and the US.
The Translink team included people from across the UK, Europe and the USA who identified and engaged with strategic acquirors within their respective countries. Lifco which operates as a highly decentralised organisation, was ultimately selected as a preferred bidder.
The cross-border Translink Corporate Finance team was led by Matt Scott and Hamish Morrison
Matt Scott, Partner at Translink Corporate Finance in the UK, commented “Ortho-Care is a market leading, highly cash generative asset within the UK Orthodontics segment which complements Lifco’s core dental business and wider investment strategy.
A key objective of the co-founders at the start of the process was to find a partner who would preserve the company’s culture and values, Lifco’s decentralised approach meets this aspiration. I’m sure it will prove to be an excellent home for the Ortho-Care business”.
Kelvin Scott, co-founder of Ortho-Care added “After deciding the time was right to sell our business, we contacted Translink Corporate Finance to act on our behalf to find the right buyer for Ortho-Care.
Being part of Translink International enabled the team to receive enquiries from potential buyers in numerous countries, with us finally completing the business sale to a Swedish investment company.
Throughout the whole process it was a pleasure to work with the Translink team. Their levels of communication were faultless with exceptional attention to detail when information gathering or when explaining the various detailed offers received.
They were always quick to respond to any questions we had no matter what time of day. From day one we felt we were in ‘safe hands’ with their expertise and trusted knowledge of the business sale process.
A massive thank you to all their team who ‘did the business‘ for us.“
CONTACT OUR TEAM MEMBERS ADVISING IN THIS TRANSACTION:
Translink Corporate Finance is an independent partnership of firms dedicated to Corporate Finance and M&A advisory services through over 35 offices in the key markets in Europe, North and South America, Asia, Australia, and Africa. Translink has been successful in advising clients on thousands of transactions since its founding in 1972 and Translink offices have acted as advisers in over 100 M&A projects during the last twelve months.
Translink Corporate Finance in the UK has 7 offices in Birmingham, Edinburgh, Leeds, Leicester, London, Nottingham and Sheffield. The highly experienced team comprises of 30 M&A professionals, including 10 partners has a successful track-record of completing domestic and international M&A transactions across a variety of sectors.
Anecta Translink, our partner in Sweden, is a M&A advisor working with national and cross-border transactions. The company’s success in this segment is based on a wide industrial network and the fact that many of the team members have backgrounds as executives in Swedish industrials.
