Lovells advises on £281m acquisition of UK healthcare provider

Lovells has advised the management of Care UK, a leading health and social care provider, on the acquisition by private equity firm Bridgepoint.  The deal was announced on 3 March and is worth approximately £281m.  

Care UK is a market leading independent provider of healthcare services to the NHS.    Bridgepoint's investment in Care UK will provide more capital to enable the company to grow, take advantage of market opportunities and develop social care divisions.  The current executive management team will stay with the company to lead Care UK's development.  Lovells advised the management team which comprised of Care UK's Chief Executive, Finance Director and Managing Directors.  

The Lovells team was led by head of private equity Alan Greenough assisted by of counsel Amit Nayyar, of counsel Guy Potel and associate Francesca Hazlett.  Tax advice was provided by partner Karen Hughes and associate Sophie Donnithorne-Tait.  Bridgepoint was advised by Clifford Chance and Care UK by Hammonds.  

Speaking today Alan Greenough said:           

"We are delighted to have advised on this significant deal which shows strength in our private equity, tax and public company M&A teams."

About Lovells  

With over 3,000 people operating from 29 offices in Asia and the Middle East, Europe and the United States, Lovells is one of the world's leading international law firms.    From 1 May 2010, Lovells LLP and Hogan & Hartson LLP will combine to form Hogan Lovells. The combination is subject to the firms obtaining the necessary regulatory clearances. For more information about Lovells, visit www.lovells.com Lovells (the "firm") is an international legal practice comprising Lovells LLP and its affiliated businesses.  Lovells LLP is a limited liability partnership registered in England and Wales with registered number OC323639.  Registered office and principal place of business: Atlantic House, Holborn Viaduct, London EC1A 2FG. 

The word "partner" is used to refer to a member of Lovells LLP, or an employee or consultant with equivalent standing and qualifications, and to a partner, member, employee or consultant in any of its affiliated businesses who has equivalent standing.  

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