Harry Elias Partnership LLP (HEP) recently represented the vendors in respect of their proposed disposal of the entire interests in TP Dental Surgeons Pte Ltd to Q&M Dental Group (Singapore) Limited (Purchaser) for a consideration of approximately $29 million, to be satisfied partly in cash and partly by the issue and allotment of shares in the share capital of the Purchaser to the founder vendors. The transaction marks the entry by the Purchaser into the premium dental market. Completion took place on 21 September 2015.
TP Dental is one of Singapore’s largest and most established surgeries located in the prime district of Singapore and is now a modern multidisciplinary centre offering a complete range of dental services. The practice has its own in-house laboratory, where its in-house technicians produce personalised dental appliances. It also has facilities in several private hospitals when extensive oral surgery is required.
HEP Partner Claudia Teo, led the transaction which was reported in The Straits Times on 21 September 2015.