Saffery Champness advises on management buyout of Partnering Health Limited

Healthcare

Saffery Champness’ Corporate Finance Team, led by Niraj Patel, provided financial and tax due diligence services to Ethos Partners LLP (a private equity partnership) who along with ThinCats (debt funding), facilitated the management buyout of Partnering Health Limited (PHL).

PHL provides a range of primary, integrated and technology enabled healthcare services to the NHS and private healthcare partners in the UK. Their operations are predominantly in Hampshire and the South East, but are looking to expand into other locations throughout the UK. In a related deal, PHL recently completed the acquisition of a Scotland-based company that specialises in the provision of workforce and logistics for specialist surgeries and outpatient care.

Niraj Patel, Partner at Saffery Champness commented: “We very much enjoyed working on this multi-stage deal, building strong relationships with all parties involved. We are excited to see the management team implement their ambitious growth plans which will enable the opportunity for PHL to further develop and grow in this vital and innovative sector.”

Pascal Wittet, Partner at Ethos Partners commented “This was a complex deal and a complex business. Saffery Champness were invaluable in helping us to clearly build a picture of the financials of the combined business, and when it came to documenting the completion accounts policies into the SPA they were truly an extension of the deal team. We are very grateful to the entire Safferys team for their hard work, quality outputs and advice during this transaction.”

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Niraj Patel

Partner, London

Key experience
Niraj is head of the firm’s Corporate Finance Team and has considerable experience in advising clients on a range of...
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