Crowe Clark Whitehill concludes care home deal
BLACK Country-based audit, tax and advisory firm Crowe Clark Whitehill has advised on the acquisition of a care home in Cheltenham.
Royal Court Care has been acquired by Lilian Faithfull Homes (LFH), the Cheltenham-based charity which owns and operates four care homes in the town.
The deal is likely to be the first of several planned by LFH, a client of the Cheltenham office of Crowe Clark Whitehill.
The acquisition was brokered by corporate finance partner Andy Kay and his team.
He said: “Both Royal Court Care and Lilian Faithfull Homes are based in Cheltenham and our role for LFH is to research the market, identify targets, approach and negotiate with them and advise on any subsequent deal.”
Martin Hughes, chief executive of LFH, said: “We are now one of the largest providers of adult social care in Gloucestershire and as our founder would wish – we want to do more.
“With the considerable assistance from the team at Crowe Clark Whitehill who were instrumental in advising the charity, with their help we have plans to grow further.”
The deal value has not been disclosed. Lilian Faithfull Homes was advised by Jo Bewley and Adam Kean at BPE Solicitors in Cheltenham.
