Hammonds LLP advised private equity Buy & Build specialist, Sovereign Capital, on its investment in Christchurch Court Limited, one of the UK'S providers of specialist, residential care for adults with an acquired brain injury (ABI).
Established in 1997, Christchurch Court operates two adjacent homes in Northampton, providing long-term care to its 35 residents. The business has developed an excellent reputation for slow stream rehabilitation, supporting and guiding the adults in its care to develop and maintain social and functional skills.
Established in 2001, Sovereign Capital is the UK's private equity 'Buy & Build' specialist. An independent private equity house with £650m under management, the firm invests in the UK service sectors of healthcare, education & training and outsourced business support services.
Commenting on the acquisition, Dominic Dalli, partner at Sovereign, said: "The ABI care market is one we know very well through previous investments in Tracscare and Complete and we are delighted to be extending our expertise in this specialist sector through Christchurch Court. The business has a deservedly strong reputation amongst healthcare funders and referrers, both locally and further afield, in a market characterised by a lack of specialist ABI residential care provision."
Sheena Kidd, Managing Director of Christchurch Court, added: "With the increasing survival rates and life expectancy of ABI sufferers, we look forward to working with Sovereign to expand our service reach to cater for more residents nationally, particularly in geographies where no specialist provision is currently available."
Corporate partner, Jonathan Jones who headed the team on the transaction commented:
"Sovereign Capital's specialist knowledge, appetite and vision means it is well placed to invest in Christchurch Court. We are delighted to be working closely with such a dynamic business as it seeks to capitalise on new opportunities."
Jonathan Jones' team, which advised Sovereign Capital on the deal, comprised corporate senior associate Jayne Aarons, corporate associate Joy Irving as well as banking associate Andrew Fordham.
The acquisition of Christchurch Court is being supported by Santander with a senior debt facility.
For further information contact:
Beth Reed, Communications Executive, Hammonds LLP, on 0113 284 7236 or email: beth.reed@hammonds.com