BPE Solicitors LLP advised Mears Group Plc when it wished to takeover Supporta Plc and strengthen its market position in the domiciliary care sector.
Supporta Plc is one of the largest providers of care at home in the UK currently providing more than 60,000 hours of care per week through 23 offices.
The £27 million takeover of Supporta is the latest in a series of strategic acquisitions in the domiciliary care sector for Mears. The Group currently provides more than 90,000 care hours a week across the UK.
Mears Group Plc is a leading provider of outsourced services to the public sector, providing social housing repairs and maintenance; domiciliary care services and mechanical and electrical services.
Demand for the Group’s services has never been stronger and last year was a record year for the company in terms of new contract wins and order book.
BPE Solicitors LLP has advised the company since 1996 and is regularly called upon to support the Group’s acquisition strategy.
Partners Anthony Rudge and Tim Ward advised the company on its latest acquisition, while Commercial Partner Iain Garfield has been instrumental in advising the company on contractual matters as it tenders for new work.
In addition the firm’s corporate team advised Mears on a new banking facility of up to £80 million that it wished to put in place to give it financial security up to 2013 and to enable Mears to repay Supporta’s existing bank borrowing.
“Mears Group’s acquisition strategy has allowed it to corner a significant share of the domiciliary care market and to take advantage of existing partnerships with local authorities across the UK,” said Anthony Rudge.
“This latest deal extends the Group’s reach even further and increases the number of care hours being delivered each week by more than 50 per cent. It will also enable Mears to pursue larger and more comprehensive contracts in the future.
“Supporta shareholders will benefit from being part of a larger corporation and will be in a position to take advantage of Mears’ stated growth strategy,” added Anthony, BPE’s public company specialist.
Despite the economic downturn, and unlike many other legal advisers, BPE Solicitors LLP’s corporate team has continued to receive a steady stream of instructions from entrepreneurial businesses over the past 12 months.
BPE’s blend of commercial acumen, razor-sharp technical expertise and first class client care skills has not only kept existing clients happy, but also helped them to secure a number of impressive client wins.
The firm acts for a number of high profile listed clients, including Mears Group plc, Maxima Holdings Plc, The Jelf Group Plc, Hexagon Human Capital Plc and Innovise Plc, many of whom remain firmly on the acquisition trail.
Supporta Plc is one of the largest providers of care at home in the UK currently providing more than 60,000 hours of care per week through 23 offices.
The £27 million takeover of Supporta is the latest in a series of strategic acquisitions in the domiciliary care sector for Mears. The Group currently provides more than 90,000 care hours a week across the UK.
Mears Group Plc is a leading provider of outsourced services to the public sector, providing social housing repairs and maintenance; domiciliary care services and mechanical and electrical services.
Demand for the Group’s services has never been stronger and last year was a record year for the company in terms of new contract wins and order book.
BPE Solicitors LLP has advised the company since 1996 and is regularly called upon to support the Group’s acquisition strategy.
Partners Anthony Rudge and Tim Ward advised the company on its latest acquisition, while Commercial Partner Iain Garfield has been instrumental in advising the company on contractual matters as it tenders for new work.
In addition the firm’s corporate team advised Mears on a new banking facility of up to £80 million that it wished to put in place to give it financial security up to 2013 and to enable Mears to repay Supporta’s existing bank borrowing.
“Mears Group’s acquisition strategy has allowed it to corner a significant share of the domiciliary care market and to take advantage of existing partnerships with local authorities across the UK,” said Anthony Rudge.
“This latest deal extends the Group’s reach even further and increases the number of care hours being delivered each week by more than 50 per cent. It will also enable Mears to pursue larger and more comprehensive contracts in the future.
“Supporta shareholders will benefit from being part of a larger corporation and will be in a position to take advantage of Mears’ stated growth strategy,” added Anthony, BPE’s public company specialist.
Despite the economic downturn, and unlike many other legal advisers, BPE Solicitors LLP’s corporate team has continued to receive a steady stream of instructions from entrepreneurial businesses over the past 12 months.
BPE’s blend of commercial acumen, razor-sharp technical expertise and first class client care skills has not only kept existing clients happy, but also helped them to secure a number of impressive client wins.
The firm acts for a number of high profile listed clients, including Mears Group plc, Maxima Holdings Plc, The Jelf Group Plc, Hexagon Human Capital Plc and Innovise Plc, many of whom remain firmly on the acquisition trail.
