Dentex Healthcare Group Limited announced that it has entered into security purchase agreement for a private placement of £15 million with new investor Universal Partners Limited (MUSE:UPL.N0000) on April 28, 2017. The company will issue common shares for the gross proceeds of £4 for the stake if 36% and convertible loan notes for the gross proceeds of £11 million. The company can draw down notes funding during an 18 months period. The investor has right to convert notes into common shares for the total stake of 49%. On the same day, the company received £4 million of equity funding in the first tranche.