LIFCO acquires Swallow Dental Supplies
10 Nov 2020
Swallow Dental Supplies established in 1998 and based in Silsden, West Yorkshire, Swallow Dental specialises in the supply of high-end dental products to dentists and clinicians throughout the UK and Eire, with a particular specialty in bone-regeneration and implant-care products.
Head quartered in Sweden, Lifco offers a safe haven for small and medium-sized businesses. Lifco’s business concept is to acquire and develop market-leading niche businesses with the potential to deliver sustainable earnings growth and robust cash flows. Lifco is guided by a clear philosophy centred on long-term growth, a focus on profitability and a strongly decentralised organisation. The Group has three business areas: Dental, Demolition & Tools and Systems Solutions. At year-end 2019, the Lifco Group consisted of 164 operating companies in 30 countries. In 2019, Lifco reported EBITA of SEK 2,523 million on net sales of SEK 13.9 billion.
The EBITA margin was 18.2 per cent.
Dr. Paul Harrison the founder of Swallow Dental and James Weller, Sales Director will continue to manage the business. Paul commented, “Swallow Dental and Camlee spent 3 years finding the right organisation to acquire the business. Having had discussions with a number of parties, we’re confident that LIFCO, with their associated businesses represents the best profile for the long-term development of Swallow.
The Camlee team was led by Senior Manager Max Perry, with assistance from Partner, Lee Wojtkiw. Legal counsel was provided to the sellers by Julian Bond of Glaisyers and Alistair Scott-Sommers of Progeny, and tax advice provided by Alison Whalley and Chris Gumbley at Naylor Wintersgill. The buyers were represented by Adrian Moss of Walker Morris with Tax advice from Nick Millward at BDO.