Coniston backed FMC has secured a funding package from Santander to support their growth plans. This transaction will provide the UK’s leading dental communications company with additional debt facilities, allowing them to expand their offering to the dental profession.
FMC acquired Apolline, a compliance solutions provider, in December 2023 and have several acquisition opportunities in the pipeline.
Alfred Chambers, who led the transaction for Coniston commented “We are pleased to have secured funding from Santander and look forward to executing on the next phase of growth.”
Peter Abel, Director of Growth Capital Structured Finance for Santander commented “We are delighted to have completed the Growth Capital investment into FMC. As a Bank we have a lot of experience in the Dentistry sector, and we look forward to working alongside Coniston and the Management team in achieving their growth ambitions.”
FMC and Coniston were advised by Browne Jacobson (Emma Hinton, Mike Jackson and Matt Dorman).
Coniston originally backed the MBO of FMC in September 2023.
