Clive Henry Group undergoes Praetura-backed MBO
A Birmingham-based group of businesses operating across healthcare recruitment, consultancy and technology has undergone a seven-figure management buyout backed by Manchester-based Praetura Commercial Finance.
Clive Henry Group comprises three companies – Mprove is a healthcare consultancy business; Woodrow Mercer Healthcare is a specialist recruitment business operating in the healthcare sector, placing expert interim consultants into the NHS, and Tech Canal is a digital healthcare solutions provider specialising in sourcing SaaS-based solutions for its clients.
The management buyout has been led by Liam Molesworth and Sam Alsop-Hall, who have ambitious plans to drive the business forward.
The duo, who have worked together over many years and have several businesses together, said: “We are delighted to have taken full control of the Clive Henry Group, a business named in memory of our late grandfathers, and look forward to building on the success of the last few years. We believe the healthcare sector has some unique challenges we are well-equipped to overcome. It’s exciting to think about the industry’s potential for growth and innovation, and we can’t wait to see where our business can go as we tackle these challenges head-on.”
Mark Raven, who will be stepping down as finance director after selling his shareholding alongside two other shareholders, Dan Ostrowski and Andrew Heggie, said: “I’m delighted that we’ve agreed a deal for Liam and Sam to take the reins at Clive Henry Group and we wish them both the very best for the future.”
Peter Williams, corporate finance partner at UHY Hacker Young Manchester, who advised the sellers on the terms of the deal, said: “We are delighted to have supported Mark and the other shareholders in agreeing a deal on this MBO. Clive Henry Group is an outstanding business with real potential, and we are pleased to have secured a deal which works well for both the sellers and the buyers. It’s been great working with Mark, and we’re pleased that Liam and Sam can take the business to the next level. We wish them both the very best.”
“Thanks also to the team at Praetura Commercial Finance for all their support on the transaction. As a supportive lender, we know they’re that Praetura will help bolster the company’s future growth plans.”
Peter Williams and Fraser Pirie from UHY Hacker Young provided corporate finance advice to the selling shareholders.
James Down and Olivia Jones at Hill Dickinson provided legal advice. Funding for the transaction was provided by Praetura Commercial Finance, led by Stuart Bates and Adam Hooson, with guidance from Grant Thornton and Addleshaw Goddard.
