Optimum Dental to spearhead acquisition using £950k fund
A Manchester-based dental firm will go ahead with acquisition plans after raising a £950,000 invoice finance facility from Positive Cashflow Finance. Optimum Dental Group, a nationwide group of DAMAS accredited dental labs, will be able to acquire the assets and business of 1st Dental Products Ltd, which turned over an excess of £6m in 2012. Funding from Positive will provide the business with the necessary working capital for its existing and future operations throughout the expansion strategy. Simon Ashton, Optimum’s chairman said: “To support our plans, we needed a partner who understood the potential of our business. “Positive took the time to understand that potential and worked with us to find a solution that met both our immediate needs and future plans. “This gave…