August Equity acquires CODE

CODE is the leading provider of software-led compliance and HR services into the dental market.

August Equity has completed the acquisition of CODE from its former CEO, Paul Mendlesohn. The incumbent management team led by Managing Director Karen Penfold will continue to run the business alongside Dr Sati Sian who has been appointed Executive Chairman  to spearhead the business. Sati was previously CEO of Allocate Software, the healthcare workforce optimisation software business.  Jenifer Kirkland has joined as CFO.

August Equity has significant experience in the dental, technology and compliance sectors, as well as across the broader healthcare and multi-site primary care markets. The acquisition of CODE is an exciting opportunity for August Equity, representing a solid platform with strong historical organic growth and a high quality of earnings upon which to build a leading software-led primary healthcare compliance and HR management business.

Commenting on the acquisition, Christian Dubé and James Bakewell stated: “We are delighted to be working with Sati, Jen and Karen and the team at CODE to build a market leading software-led compliance and HR management business in the primary healthcare sector. The business operates in a market that we know extremely well and one that presents very strong opportunities for significant growth.”

“CODE represents an excellent platform to build a market leading business in the primary healthcare compliance and HR services space. We are hugely excited by the opportunity to build on the work done by Paul and the CODE team.” commented Executive Chairman Dr. Sati Sian.

Exiting CEO Paul Mendlesohn commented: “CODE has grown to the point where it can now expand much more quickly and bring exciting new services to the profession with the right management and funding. I chose August because of their track record in supporting and developing existing management teams and retaining the culture of its businesses”

The deal team was led by Christian Dubé with support from James Bakewell, Kishan Chotai and Katie Beckingham. The acquisition of CODE marks the tenth investment from AEP IV.

To find out more about the business, please visit: http://www.codeuk.com/ 

Back to News

Portfolio

Businesses in high growth sectors

What we do

Backing people with vision and drive