A team of lawyers from Nottingham law firm Actons have advised Mediline Nurses and Carers on their multi million pound acquisition of North West Community Services Ltd (NWCS).
Mediline was established in 2003 and has since grown into one of the Midlands’ largest Domiciliary Care providers, supporting local authorities across Staffordshire, Derbyshire and Nottinghamshire.
North West Community Services was founded in 1986, and provides a wide range of services including 24-hour supported living, supported employment and training.
The combined business will generate revenues in excess of £20m and safeguard a workforce of more than 1,000 employees.
Mediline’s founder, Peter Cook, said: “The acquisition of NWCS provides Mediline with opportunities to diversify into a wider range of care provision and support services within its traditional market in the East and West Midlands.
“The amalgamation of the two companies will increase our mutual security, whilst providing additional opportunities for our carers and staff as we look to grow the organisation. We look forward to integrating the businesses under the leadership of our chief executive, Michael Baines.”
Chris Murray, management director of NWCS, said: “Since NWCS’s founding in 1986, we have developed support and training services throughout the North West and have made a positive difference to thousands of people’s lives. With the acquisition by Mediline, NWCS is in a stronger position to continue to do this whilst offering our years of experience on services they do not currently provide.”
Actons director and corporate lawyer Simon Dakin led the legal team that advised Mediline on the acquisition. He commented: “We were very pleased to work alongside HSKS Greenhalgh and Barclays to secure this important strategic acquisition for Mediline, and we are looking forward to seeing the business continue to flourish.”
Funding for the acquisition was provided by Barclays, who worked alongside advisors from HSKS Greenhalgh Corporate Finance and Actons Solicitors. NWCS was represented by RSM and Napthens Solicitors.
Comments from the advisors
Simon Hopkin of HSKS Greenhalgh Corporate Finance, said: “We are delighted to have helped our long standing client complete on this transaction. It has been a complex deal but makes the client a significant operator in the sector with good potential for further growth.”
Funding for the acquisition was led by James Rutter, Barclays relationship director, who added: “We are delighted to have assisted the owners of Mediline with their strategic growth plans, which ultimately provides job security and further opportunities for growth across a large geographical footprint.
“Each business brings with it a core set of skills and expertise, which will be of great benefit to the other. I look forward to working with the management team to continue to reach their growth ambitions in the future.”
Posted on August 4, 2016