The Castle Square Corporate Finance team led negotiations in the sale of specialist healthcare business, Christchurch Court, to private equity buy & build specialist Sovereign Capital. The transaction involved the Castle Square team, led by Director Kevan Shaw, identifying and approaching potential acquirers, and running an auction process, leading to receipt of nine bids from a mixture of trade and private equity buyers.
London based private equity firm Sovereign Capital emerged as the preferred bidder, after several months of negotiations, with Bank Santander co-funding the deal as debt partner.
Christchurch Court has developed an excellent reputation in caring for victims of brain injuries acquired as a result of car accident, assault or other trauma, at its homes in Northampton, and is the market leader in its field.
Kevan Shaw said, “This is a terrific result for the shareholders and a great example of the ability of the South Yorkshire dealmaking community to put together and complete, complicated private equity and debt led institutional buyouts”.