Cardiff – CFI United Kingdom has acted as lead advisor to the shareholders of Homestyle Care on its sale to the Accomplish Group.
Homestyle Care is a specialist provider of personal care for adults aged between 18 and 64 years old with learning difficulties, autism, challenging behaviour and complex needs.
Established in 2009 Homestyle has established an unrivalled reputation for the quality of its services, creating an environment which provides individuals with an ability to live independently while benefitting from varying levels of support. The company has achieved best in class ratings from Care Inspectorate Wales and commissioning bodies.
Accomplish Group (formerly “Tracscare”) is a specialist provider of support for individuals with Autism, Mental Health needs, Learning Disabilities and Acquired Brain Injuries. Established in 1983, it provides support for over 1,000 individuals across its 75 services. In 2014, the business secured funding from G Square, a leading private equity investor across Europe.
CFI United Kingdom provided advice on the valuation of the businesses, structuring and negotiating the terms of the deal between the parties, preparing the Heads of Terms and project managing the due diligence and legal processes.
The CFI United Kingdom deal team was led by Frank Holmes, Partner, Simon Marsden, Director and Ewa Modzelewska, Manager.
Rob Sage, Managing Director of Homestyle Care commented, “During late 2019 we were approached on behalf of Accomplish to acquire the business. Our board of Directors took the decision to appoint CFI United Kingdom to represent us. Dealing with a large care operator backed by a private equity institution was a daunting prospect.
“Appointing CFI United Kingdom was the best decision we ever made. From the very outset they instilled confidence in us with their knowledge, expertise, professionalism and calm and reassuring manner. CFI UK were instrumental in ensuring we achieved maximum value and, whilst there were a number of challenges during the transaction, they always came up with a workable solution. Without their input I am certain the deal achieved would have been on less favourable terms. We will be working with CFI UK again and would highly recommend them to anybody.”
Simon Marsden commented, “We are delighted to have acted for the Homestyle shareholders on the sale of the business, particularly in the current challenging economic climate. We have extensive credentials across many verticals in the healthcare sector and the outcome achieved demonstrates the focus we place on maximising value for our clients. Specialist care has been significantly devolved to the private sector and remains an attractive space for corporates and financial institutions and this transaction evidences the continuing appetite we see for high quality assets creating buy and build opportunities.”
The transaction closed on 1 July 2020.
Real Estate assets sale
has obtained mezzanine financing by
Dr. Fabrizia Costa
sold her stake in
through a family buyout transaction