David has a broad, multi-specialist corporate practice including general mergers & acquisitions,…View Profile View all
Our corporate and commercial property teams have advised Alpha Vitality Group on their investment by private equity firm Apposite Capital.
Apposite Capital teamed with management to make a substantial investment in Riverdale Healthcare and part fund its investment in Alpha Vitality Group. Debt for the investment has been provided by Metro Bank.
Alpha Vitality Group is a ten practice dental group operating in North East England offering a mix of NHS and private family dental services, implant and referral services and NHS and private orthodontics.
Rory Pope, Partner, Apposite Capital who is also joining the board of Riverdale Healthcare, said: “Healthcare services companies are a key focus for Apposite and a sector where we have had excellent outcomes. Alpha Vitality Group is a solid platform which has built a strong reputation with its NHS and private customers. We are delighted to support the combined Riverdale Healthcare and Alpha Vitality Group management team in their ambitions to grow further through acquisition in the North East and across the UK.”
In conjunction with its investment in Riverdale Healthcare, Apposite has introduced Mike McGrath as Non-Executive Director. Mike specialises in high growth consumer-facing businesses and brings significant experience in both private equity and multi-site roll-outs.
Schofield Sweeney lawyers were David McEwan (corporate), John Woodhead (commercial property) and Oliver Brooke (commercial property).