Clarke Willmott completes on £100m care home acquisition deal - Insider Media
Summary
Law firm Clarke Willmott has acted on the sale of a care home group in a deal worth more than \xa3100m.Hampshire-based Hartford Care Group, which has homes across the South, has been acquired by a joint venture between Foundation Partners and Deer Capital.Clarke Willmott chairman and head of the corporate team, Kelvin Balmont, supported by associate Hollie Blackwood Fisher, acted for the sellers in the transaction.The deal was said to provide "significant additional capital to execute its expansion strategy".The group, established in 2003, provides nursing, residential, dementia, day-care, respite breaks and end-of-life care across its care homes to 1,000 residents.It has 21 homes in Bristol, Berkshire, Devon, Dorset, Hampshire, Isle of Wight, Oxfordshire and Wiltshire.Kevin Shaw, chief executive of Hartford Care, said: "Fundamental to our growth strategy is the exceptional high quality of care we offer and the ways in which we enhance the lives of our existing residents. We thank our outgoing shareholders for their commitment to our values and unwavering support. "As well as enabling the continued growth of Hartford Care, our exciting new partnership with Foundation Partners and Deer Capital is strongly aligned with our ethos of investing in innovation and creating a home from home setting; we can move forward in growing the Hartford Care brand to create new caring communities that are kind and welcoming of everyone. "Clarke Willmott were critical to the success of this complicated transaction. We are incredibly grateful to Clarke Willmott for navigating the deal through to completion.Kelvin Balmont added: "It has been a pleasure to work on this transaction and we look forward to seeing the Hartford Care Group continue to grow and develop."