Leith Mergers & Acquisitions Limited – Completion Announcement – Mornington Partners Limited makes strategic investment in Hague Dental Supplies Limited
Leith Mergers & Acquisitions Limited (Leith M&A) (https://leithma.co.uk/) is delighted to announce the strategic investment in Hague Dental Supplies Limited (Hague Dental) (https://www.haguedental.com/) by Mornington Partners Limited (Mornington Partners) (http://www.morningtonpartners.com/).
Mornington Partners is a partnership of long term, strategic investors, committed to acquiring and growing, successful British companies.
Founded by Jim Hague in 1996 Hague Dental is a dental equipment company that specialise in project management, design and planning of dental surgeries. They offer their clients a team of engineers and technical sales staff whose knowledge of dental equipment and the industry is second to none. Now a multi-award-winning company, Hague Dental have grown to become one of the UK’s leading independent dental equipment companies.
Exact details of the transaction value will remain undisclosed, but we are able to confirm that Mornington Partners have acquired a majority stake in the company with the existing shareholders retaining a minority stake. The investment completed on 26th February 2021.
Mornington Partners have forged a reputation for supporting exceptional growth across its portfolio companies. This ambition is perfectly aligned with the interests of Hague Dental and the partnership will focus on the implementation of growth strategies to realise the full potential of the Company, whilst maintaining its market leading service levels and technical expertise.
Jim Hague & Kirsty Hague, Founders of Hague Dental commented,
“Now we have some very hands-on partners, who are well experienced and full of new ideas & enthusiasm – at last we are free to fully focus on looking after our clients & develop our team, as well as see our company reach its potential in expansion – it’s all so much more enjoyable now we can share the load of running the business – great match, thank you!”
Joshua Segal, Co-founder of Mornington Partners commented,
“We are delighted to have completed the deal with Hague Dental. From the outset it was clear that Jim & Kirsty had built a great business with a culture of being best in class. We look forward to working together to continue the growth and success of the business. David Nelson was a huge help throughout, going above and beyond for his clients and helping us all get the deal over the line.”
Leith M&A acted as exclusive advisors to the shareholders of Hague Dental providing a complete “wrap-around” M&A service including sale preparation, deal research and marketing, deal management, negotiation, due diligence support and transaction management services.
David Nelson, Managing Director at Leith M&A added,
“It has been a privilege to represent the Shareholders’, Jim & Kirsty Hague, throughout this transaction and I look forward to watching Hague Dental go from strength to strength in the coming years.
I am full of admiration for what Jim and Kirsty have achieved since founding Hague Dental, they should be immensely proud of the company and culture they have built. Hague Dental has an outstanding reputation in the market and has already demonstrated its potential through year-on-year growth over so many years.
I have no doubt that Mornington Partners will provide the support and guidance needed to unlock the full potential of Hague Dental and deliver significant growth whilst retaining the winning culture that contributed to the company being awarded ‘Outstanding Business of the Year – 2020’ at the recent Dental Industry Awards.”
Jim Hague commented on the service provided by the team at Leith M&A:
“Thank you so much David, your advice and service have been absolutely second to none throughout, 100% this would not have happened without you. I am absolutely delighted – this has been a life changing experience/ outcome, all for the better. I would not hesitate one second to recommend your services to anyone who will listen.”