Sun, 21 Aug 2011 | BUSINESS SALE
Lifeways, the specialist care home group, is conducting a strategic review of operations that could lead to the business being put up for sale.
The owners of the business, August Equity, are believed to have appointed investment bank Rothschild to conduct the review. It is thought the business could be worth up to £250m, which would bring a £50m windfall for the management, who own a 20 per cent stake. Most of the management stake is owned by chief executive Paul Marriner who, together with Tracie Marriner, owns 249,100 of the 1,151,500 issued shares in Lifeways Holdings Ltd.
August Equity has owned the balance since 2007 when it backed a management buyout of the business. Soon afterwards the firm swallowed up rival specialist care provider Kentwood. Lifeways has revenues of around £58m – a figure that has been steadily growing over the past few years.
Lifeways was established in 1995 and provides care and support facilities for people with multiple health needs, learning disabilities, physical disabilities, acquired brain injuries, autistic disorders and communication/sensory problems. Lifeways provides support services both in people’s own homes and in specialist care units.
The company has around 58 main customers, most of which are local authorities and social services departments.
Significant interest is expected to be shown in the care business from rival companies, private equity groups and other financial institutions. Despite the well-publicised problems of Southern Cross, there are many operators that make consistent profits in the sector and it therefore still attracts much capital
The company distributes a wide range of industrial maintenance components and associated products, operating a 24/7 supply service to meet client specifications. Its product range comprises power transmission parts, bearings, pneumatic and hydraulic...
The company specialises in producing furniture from a wide array of materials, allowing it to act as a one-stop shop for private and commercial clients. Operating nationally, the company caters to 20 active industrial and commercial clients, all of w...
The company provides subcontracted design and manufacturing of electronic engineering products. An end-to-end service from concept to completion is offered to its wide variety of international and domestic clients. 64% of revenue is derived from inte...
16
|
May
|
Oakfield Estate Agents acquires East Sussex firm | BUSINESS SALE
Oakfield Estate Agents has announced the acquisition of an i...
16
|
May
|
Private equity investor uses invoice finance facility in logistics firm deal | BUSINESS SALE
Private equity investor Shilling Group has acquired a logist...
16
|
May
|
Administrators appointed at broadcasting equipment hire firm | ADMINISTRATION
A Crawley-based company that supplies broadcasting equipment...
07
|
Apr
|
Clarks makes store closures and explores financing opportunities | COMMERCIAL PROPERTY
Footwear retailer Clarks has confirmed that it will close a ...
24
|
Apr
|
Majestic Wine considering the sale of its UK stores | BUSINESS SALE
Thought to be the UK’s largest specialist retailer of ...
13
|
Jul
|
Pub group looking to sell its commercial property division | DIVISION SALE
Ei Group, the UK’s largest pub company, is looking to ...
Business Sale Report is your complete solution to finding great 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.