Smith & Williamson advises £100m+ turnover Millbrook Healthcare Limited (“Millbrook”) on its sale to Cairngorm Capital Partners LLP (“Cairngorm Capital”).
Millbrook is an established and leading nationwide provider of equipment, assessment and home based services to help people live more independently, at home, for longer. The company supports individuals, along the care pathway, through the provision of aids ranging from walkers and frames through to bespoke wheelchairs and specialist active pressure care mattresses. Headquartered in Southampton, Millbrook has 29 service centres across the UK and offers a fully integrated service to Local Authorities and the NHS.
Smith & Williamson worked with the directors and shareholders of Millbrook to deliver a successful sale to a partner with the appropriate strategic and operating experience to take the business through its next phase of growth. Cairngorm Capital, in partnership with the long-established management team, is keen to take advantage of the expected expansion of community care services in the UK and continue to deliver its industry leading level of service to its key stakeholders. Cairngorm Capital is a specialist private investment firm that provides equity capital, strategic advice and management expertise to ambitious UK companies.
Brian Livingston, Head of M&A for Smith & Williamson, led the transaction assisted by Stuart Goodman and Zach Francis.
Colin Croll, Chairman of Millbrook, said “We found the input and advice from Brian and the team at Smith & Williamson invaluable. They were always available and solved problems to ensure a smooth process and helped us complete a transaction with a party, who we believe to be, the right strategic partner for the business and the management team.”
Brian Livingston, Head of M&A for Smith & Williamson, said “Millbrook is a family owned business with a well-recognised brand in the rapidly growing healthcare services marketplace. We are delighted to have led another transaction in the healthcare services industry thereby enabling a family owned business to achieve an exit to a party that is seeking to build upon the values that the Croll family instilled in the business. We wish Cairngorm Capital the very best for the future.”
For further information please contact:
By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.
Note to editors
Smith & Williamson is an independently owned professional and financial services group with over 1,700 people. The group is a leading provider of investment management, financial advisory and accountancy services to private clients, professional practices and mid-to-large corporates. The group has twelve offices; these are in London, Belfast, Birmingham, Bristol, Cheltenham, Dublin (City and Sandyford), Glasgow, Guildford, Jersey, Salisbury and Southampton.
Smith & Williamson Corporate Finance Limited
Authorised and regulated by the Financial Conduct Authority. A member of Oaklins International Inc. For legal notices, please refer www.oaklins.com/legal.