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Stock market float set to secure IDH £1bn windfall

Stock market float set to secure IDH £1bn windfall

Following the general election, Europe’s biggest dental chain is set to launch a £1bn London stock market float, according to the Telegraph. Integrated Dental Holdings (IDH) has over 600 practices in England, Scotland and Wales and is the largest provider of public dental care in the UK.

Senior managers, who own a 15.5% stake in the company, are set to earn £150m when IDH floats on the stock market. IDH employs over 3,370 dentists and nurses across the UK. In the last year, it made £346m of sales from the NHS, and £54 million from the private sector, which continues to offer strong growth. Total pre-tax profits were £18.1m.

IDH was founded in 1996 by Luke Johnson, the entrepreneur behind Pizza Express and Patisserie Valerie. He sold the business for £100m in 2006 and the Carlyle group now has a majority stake in the company.

The company originally weighed up a stock market flotation last June but, with the uncertainty of the general election now over, they have revived these plans and are now weighing whether to rush through a listing before the summer break or wait until the City returns to work in September. 

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