Tue, 27 Jul 2010 | BUSINESS SALE
Mental health service operator, Care Principles, has been put up for sale by its owner Barclays Capital.
Four Seasons Healthcare is currently in talks to acquire the business of Care Principles, considered to be a good fit for Four Seasons’ division Huntercombe Group, which runs care homes specialising in mental health problems, brain injury and care of children with special needs.
Four Seasons is working to finalise an extension on its debt repayments that will enable it to purchase the business. 75 per cent approval is needed from its bondholders, or Care Principles will be auctioned off instead.
Barclays Capital supported Three Delta in its purchase of Care Principles in 2007 for a total of £270 million. Barclays took control of the care operator last year, however, when Three Delta struggled under the weight of hefty debts.
Barclays wrote down the value of the Suffolk-based business by over £200 million in 2009. For the year to April 2009 profits stood at £4.5 million.
Founded in 1997, the service has 1,500 staff attending to 430 beds in 16 homes and hospitals in the UK.
The company is a well-established specialised contractor offering commercial decoration services across Central Scotland, known for its strong relationships with Tier 1 construction organisations and preferred contractor status. With a diverse projec...
This market-leading business specialises in bespoke, luxury kitchens and whole-house furniture, with expertise in handmade designs using responsibly sourced local hardwoods. Catering to high net-worth individuals, the company boasts a strong team and...
A well-established travel company with over 14 years of experience, it specialises in weekend breaks, five-day adventures, and summer holidays across the UK and Europe, offering the convenience of a door-to-door pick-up service. The business benefits...
FREEHOLD
07
|
Jul
|
Independent property firm acquires Blackpool estate agent | BUSINESS SALE
An estate agent based in Blackpool has been acquired by grow...
07
|
Jul
|
Poke restaurant chain acquires rival | BUSINESS SALE
Honi Poke has acquired rival poke chain Island Poké i...
07
|
Jul
|
MSP Contrac IT set for M&A growth after acquisition by telecoms group | BUSINESS SALE
Venridge Limited, a Yorkshire-based managed services provide...
07
|
Jul
|
PE-backed accident services group makes significant acquisition | BUSINESS SALE
Activate Group, an accident management services provider bac...
07
|
Jul
|
MSP Contrac IT set for M&A growth after acquisition by telecoms group | BUSINESS SALE
Venridge Limited, a Yorkshire-based managed services provide...
07
|
Jul
|
Poke restaurant chain acquires rival | BUSINESS SALE
Honi Poke has acquired rival poke chain Island Poké i...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.