Lancashire-based private dental laboratory Filippini & Gray announces management buyout


Lancashire-based private dental laboratory Filippini & Gray is announcing a change in ownership following a management buyout.

The Bury-based laboratory has been in operation for more than 30 years specialising in the development and production of dental implants including bridge, crown and precision attachments.

It will now be led by new owners Wayne Jenkins and Marco Filippini – but will continue to trade under the same name.

North West-based corporate finance specialist MC Vanguard, a division of accountants and business advisory firm Mitchell Charlesworth, advised founding owners Vano Filippini and Ian Gray on the management buyout.

Mr Gray said Mitchell Charlesworth has provided longstanding support to the leading dental firm throughout its development since the 1980s.

“We are proud to passing the business on to a new management team which includes a family link in Marco Filippini,” said Mr Gray. “They have the skill, knowledge and acumen to continue driving the business forward and we have every confidence they will not only maintain what has gone before but will take the business to the next level. Filippini & Gray is now considered one of the best within its field in the region, and we have every expectation that this will long continue under the new management.

Selling our business was the biggest decision we have had to make since the company was formed and we wanted to get it absolutely right. Having been a client of Mitchell Charlesworth for many years, they were our first port of call and our advisor introduced us to their specialist corporate finance arm, MC Vanguard.

We were provided with terrific support by the MC Vanguard team in Manchester. They guided us through all the steps clearly and concisely with a minimum of disruption. We are very grateful for their expertise which helped conclude the deal swiftly and efficiently.”

Marco Filippini said the new management team is revelling in the prospect of embracing new technology to develop the business.

“It’s an exciting time to be taking the reins at Filippini & Gray, and we are ambitious to build on Vano and Ian’s first-class work,” he said. “They have created a brand synonymous with consistent, high-quality products. We now use leading implant systems including Nobel Biocare, Straumann and Astra routinely in our lab.

Our aim and vision is to maintain this reputation and develop the business with the support of our team of registered technicians. The dental profession is witnessing new technological advances with the likes of 3D printing. It is changing the profession, and the process of product development. With our depth of skill, knowledge and experience we believe Filippini and Gray is extremely well placed adapt and capitalise on these advances.”

Robin Gower MC Vanguard Director Robin Gower said: “Filippini & Gray have been loyal clients of Mitchell Charlesworth for many years so we were extremely proud to be given the opportunity to support their management buyout.

Although the sale involved the son of one of the partners, management buyouts are invariably complicated and often lengthy processes. We aim to make the process as fast, efficient and stress-free as possible for our clients.

MC Vanguard has broad experience working with some of the country’s leading SME and innovative businesses across a wide range of sectors. We can provide advice on a large range of areas including MBOs, MBIs, mergers and acquisitions, exit and succession planning, raising finance and building the value of businesses.”

We wish the new management team every success in future and look forward to supporting their business objectives moving forward through our broader accountancy and business advice offering at Mitchell Charlesworth.”

For further details about MC Vanguard contact Mitchell Charlesworth on 0161 817 6100 or email robin.gower@mcvanguard.co.uk.

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