Housing advice and support firm sold
AN OLDHAM-based small business housing and accommodation support services for vulnerable young people, has neen sold.
The Leaving Care Company, has been sold to Aspirations (Bidco) part of the August Equity group, for an undisclosed sum.
Established in 2006 by Susie Burden and Eva Perkins, The Leaving Care Company grew net assets from £131,265 to £262,906 in the year to the end of February.
The founders of the business have now exited and the company’s head office has been shifted to the south east.
Chief executive Susie Burden, said: “Achieving an exit is arguably the most challenging part of an entrepreneur’s work, but with the right buyer and right advisors it can be a very rewarding process in itself. I believed that Aspirations were the future of The Leaving Care Company and it was the right decision from start to finish.”
The vendors were advised on the deal by law firm Brabners Chaffe Street. The Brabners’ team was led by Manchester corporate partner, Robert Street, assisted by solicitors Jamie Partridge and Emily Mort, from the Manchester office of Brabners Chaffe Street.
Mr Street said: “This deal opens up an exciting future for the company, enabling it to expand upon its successful business model and continue growing its market share within the UK.”
The vendors were also advised by Stockport-based Allens Accountants led by Simon Leigh. The buyer was advised by London law firm Gannons.
