Private equity investment for leading healthcare provider

Clare Auty

Specialist healthcare services private equity investor Weight Partners Capital (WPC) has invested in Wolverhampton-based Grosvenor Health and Social Care (Grosvenor).

WPC’s investment will support Grosvenor in its ambitions for further geographical growth across the UK and will also give the organisation the opportunity to broaden its service offering.

Grosvenor was formed in 1998 by former CEO Ravi Bains and is the second largest independent provider of domiciliary care in the UK, funded mainly by local authorities.

The organisation which has grown substantially over the last few years is made up of six sub-brands which are supported by a team of 3,700 people that provide care to clients across England, Scotland and Wales.

WPC was founded in London in 2009 and specialises in private equity investments into businesses in the healthcare and consumer sector that are going through operational transformation. Its current and former portfolio includes Towerview Care, Trinity Insurance Services, Rileys Sports Bars, BHT Group, and Boxclever.

Browne Jacobson’s corporate health lawyers in Birmingham advised on the deal.

The Browne Jacobson transactional team was led by corporate health partner Clare Auty with assistance from senior associate, Victoria Tomlinson and associate Bethany Pickup. Corporate partner Peter Allen and senior associate Ryan Brown advised on the private equity side of the deal while head of company secretary at the firm, Rob Hallmark, advised alongside Auty on the reorganisation of the business.

Auty said: “This is a fantastic opportunity for WPC to further build market leader Grosvenor into the number one choice for domiciliary care across the breadth of the UK. WPC’s fresh and innovative approach to organisational change will be a real asset to Grosvenor and will help the organisation push on with its strategic growth plans and enhance its premium care service portfolio. We look forward to working with both businesses on this next exciting phase.”

Darren Stapelberg, CEO of Grosvenor, said “The Grosvenor management team welcomes and looks forward to developing a fantastic partnership with WPC. This is an exciting time for the business, as we look to continue the expansion of our footprint and service offerings, whilst remaining focussed on delivering the quality and individual-centred care that our clients have come to expect.”

Jim Weight, managing partner of WPC, added: “Under Ravi’s ownership and guidance, the Grosvenor team have built a market leader in care quality. We are committed to continuing the quality strategy and to backing the team’s growth strategy for the business.

“We would also like to thank the Browne Jacobson team led by Clare for the first-rate pragmatic legal advice given on this important transaction. Their deep-rooted expertise in both the independent social care market and in complex corporate mergers and acquisitions was very evident throughout this transaction.”

Gateley advised Grosvenor.

Tom Rush, partner, said: “We are delighted to have advised the owner of Grosvenor on the sale to WPC, and we are sure that they and the new management team will take Grosvenor from strength to strength.”

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