Two practices, one deal, no real drama

A West Midlands dentist acquired two established practices in one transaction, goodwill and freehold on both sites, for over £1.4 million. We built a fully prepared application before it reached the lender. The deal completed without delay despite its scale and complexity.

The Situation

A dental professional in the West Midlands set out on an ambitious acquisition: two established practices in a single transaction, purchasing the goodwill and freehold of both sites together, structured as a share purchase with a leveraged buyout arrangement. That’s a genuinely complex piece of work by most standards, more moving parts, more due diligence, more entities to align, and more that can go wrong than a single-site purchase where there’s only one set of accounts and one landlord to satisfy.

Deals of this size and structure often do encounter delays or complications along the way, whether from lender caution around the increased exposure or from the sheer number of moving pieces involved in aligning two sites at once. This one didn’t.

What We Did

The difference here came down to preparation rather than any particular intervention once things were underway. We built a properly prepared application before it ever reached the lender, strong financials clearly presented, clear deal terms, nothing left for the lender to have to chase or question at a later stage. A well-prepared application at this scale isn’t a formality, it’s what determines whether a lender extends a substantial facility smoothly or starts asking for more information at every stage, each request adding weeks to a timeline that a buyer juggling two sites can’t always afford to lose.

The Result

The lender was comfortable extending a substantial facility on the strength of what was presented, and the deal progressed smoothly from initial application through to completion, without the renegotiations or last-minute information requests that often accompany transactions of this scale. We secured over £1.4 million, covering the goodwill and freehold properties across both sites, a significant milestone for a client taking a genuinely major step in their career.

The lesson generalises well: scale doesn’t have to mean chaos. What actually determines whether a large, multi-site acquisition goes smoothly is whether the preparation was done properly before the application ever reached a lender, not how big the deal happens to be or how many entities are involved. Anyone considering a similarly ambitious acquisition should weight their time toward getting the application right at the outset, that’s the part genuinely within their control, long before the lender ever sees the paperwork.

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