A dental practice in Greater London has been sold during a pandemic.
Specialist dental broker advisors MediEstates completed the sale of Feltham Dental
Established in 1982, the business Feltham Dental is an integral part of the community and has many generations of loyal patients.
The previous owner, Dr Rai Desaur, made the decision to sell in order to pursue other interests within the industry, including providing mentoring
and training courses to young dentists with a view to semi-retiring.
The business has been purchased by an independent dentist.
Dr Desaur said: "It was very hard to decide to sell, especially in the middle of a worldwide pandemic and I will certainly miss my very capable team. It has been an absolute privilege to work with such professional colleagues – they are amazing and the buyer is a perfect fit to continue my dental practice and look after the team and patients. In addition, I was very worried about the impact of COVID-19 on my sale but my solicitor Helen Wong of Charles Russell Speechlys really helped to guide the way, explaining the process and protecting my position especially in respect of any COVID warranties. More importantly, she helped to keep the deal on track and I am so thankful to her for helping me sell my dental practice. She has been available to assist all hours of the day, she is friendly, tenacious and I would highly recommend her as she knows dentistry law and the ever changing policies that continue to surround this sector.”
Shannon Loonam, Senior Transition Specialist at MediEstates was supporting the Feltham Dental transaction and said: “It has been a great honour to work with Dr Deasaur on this transaction. His collaborative approach with the buyer has certainly helped move the transaction through.”
Dr Desaur said: “Shannon has great energy and enthusiasm to bring my sale to reality.”
Helen Wong MBE, partner of Charles Russell Speechlys said “I wish Dr Desaur well and it has been an absolute pleasure to work with him to complete this sale. The pandemic has brought much uncertainly for all parties and it was important to assist Dr Desaur to ensure he got a clean break even during these very uncertain times.” Despite the pandemic Helen and her dental team have picked up over 40 transactions over the pandemic and have seen an influx of associates and first time buyers buying a dental practice. They have also been hosting webinars and writing articles to help dentists with furlough, claiming off their insurance and avoiding the pitfalls when selling a practice during COVID-19.