Transaction
Care at Home Services
Meta Corporate Finance acted previously in respect of an acquisition by Care at Home Services (South East) Limited (Care at Home Services) which expanded its foot print in Kent. The company, founded in 1993, is one of the leading providers of care to service users funded by East Sussex and Kent County Councils.
Subsequently, Care at Home makes a much more strategically expansive acquisition. The acquisition of Westminster sees the business expand its geographic location, providing high-quality homecare services throughout the East Midlands and South East of England.
Meta Corporate Finance introduced Thin Cats who provided £8.5m in acquisition funding to Care at Home Services for the acquisition. All parties pulled together in order to deliver the funding within the very tight timeframe required to complete the deal successfully.
Stuart Thompson, Director, Regional Business Development, ThinCats, said: “This acquisition sees an esteemed care provider extend their services throughout much of southern England, providing high quality homecare services for those who need it. I want to extend a big thank you to the team at ThinCats and Meta Corporate Finance for their determination and perseverance in getting this over the line. Also, to Sarah Naylor at EMW for acting as the Lenders Lawyers and James Lawson of MHA for undertaking Financial Due Diligence.”
Mark Ledger-Beadell, managing director of Meta Corporate Finance said, “Having known the Care at Home Services team for some time, we’re extremely pleased to have advised on the next phase of the company’s strategy. The Westminster acquisition represents a significant step forward in scale and geographic coverage for an excellent management team in Deborah and Dan. The structuring Thincats provided was instrumental in delivering the transaction and providing for future growth of the combined businesses. A true team effort, well done to all involved.”
Dan McDowell, Commercial Director, Care at Home Services said: “We are absolutely thrilled that ThinCats and Meta Corporate Finance have been able to provide a flexible financing package to support the acquisition. This allows us to take on the new network of branches, enhancing our portfolio of care services and spreading our geographical cover to more of the people that need our services the most.”
Client:
Care at Home Services
Service:
Capital Raising
Region:
UK
Sector:
- Healthcare & Pharmaceuticals
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