Dental services provider James Hull Associates has secured a £7 million investment from AXA Private Equity as part of a financial restructuring.

Dental services provider James Hull Associates has secured a £7 million investment from AXA Private Equity as part of a financial restructuring.

AXA will become the majority shareholder in the business, which is led by chief executive Robin Pugh and provides services to both private and NHS patients. According to a statement from James Hull, the restructuring of the Cardiff-based dental provider’s immediate holding company has the full support of its financial backers and will enable it to focus on growth and service delivery.

Olivier Berment, a managing director at AXA Private Equity, comments: ‘The additional investment provides a new impetus for the growth of what we see as a business with excellent potential.’

‘We see our part in the restructuring of the equity and capital structure of the holding company as the next phase in our partnership with the management team and the appropriate level of support to better ensure the growth of the business.’