BPE’s corporate team advised Mears Group Plc on the company’s £22.5m public takeover of Careforce Group Plc in April 2007.
Mears is the leading social housing provider in the UK, providing rapid response and planned maintenance services to local authorities and registered social landlords. The takeover allowed Mears to expand its public sector services into the community domiciliary care provision market.
A team of four partners from the corporate department at BPE, comprising John Workman, Anthony Rudge, Tim Ward and Helen Lovatt worked industriously on the transaction against a tight deal timetable to ensure that the client’s objectives were met. Institutional placing and bank funding were secured and shares were issued as part of the deal.
Anthony Rudge took “point” on liaising with Investec and the takeover panel with regard to the offer document and equivalent document.
Commenting on his experience of working with the firm, Executive Chairman and CEO of Mears, Bob Holt said: “BPE has acted for Mears for more than a decade. We have relied upon their no-nonsense, ‘can-do’ commercial support from our initial float to first public takeover. Their partner-led approach means we are treated like a valued client at all times and we have trusted them to deliver on numerous complex acquisitions.”
Mears is the leading social housing provider in the UK, providing rapid response and planned maintenance services to local authorities and registered social landlords. The takeover allowed Mears to expand its public sector services into the community domiciliary care provision market.
A team of four partners from the corporate department at BPE, comprising John Workman, Anthony Rudge, Tim Ward and Helen Lovatt worked industriously on the transaction against a tight deal timetable to ensure that the client’s objectives were met. Institutional placing and bank funding were secured and shares were issued as part of the deal.
Anthony Rudge took “point” on liaising with Investec and the takeover panel with regard to the offer document and equivalent document.
Commenting on his experience of working with the firm, Executive Chairman and CEO of Mears, Bob Holt said: “BPE has acted for Mears for more than a decade. We have relied upon their no-nonsense, ‘can-do’ commercial support from our initial float to first public takeover. Their partner-led approach means we are treated like a valued client at all times and we have trusted them to deliver on numerous complex acquisitions.”
