National law firm Clarke Willmott LLP has acted on the sale of a care home group in a deal worth more than £100m.
Hartford Care Group, based in Hampshire and with homes across the South, has been acquired by a joint venture between Foundation Partners and Deer Capital.
Clarke Willmott chairman and head of the corporate team, Kelvin Balmont, supported by associate Hollie Blackwood Fisher, acted for the sellers in the transaction which is said to provide ‘significant additional capital to execute its expansion strategy’.
Established in 2003, Hartford Care Group provides nursing, residential, dementia, day-care, respite breaks and end-of-life care across its care homes to 1,000 residents.
Currently operating across the South, the group has 21 homes in Bristol, Berkshire, Devon, Dorset, Hampshire, Isle of Wight, Oxfordshire and Wiltshire.
Kevin Shaw, chief executive of Hartford Care, said:
“Fundamental to our growth strategy is the exceptional high quality of care we offer and the ways in which we enhance the lives of our existing residents. We thank our outgoing shareholders for their commitment to our values and unwavering support.
"As well as enabling the continued growth of Hartford Care, our exciting new partnership with Foundation Partners and Deer Capital is strongly aligned with our ethos of investing in innovation and creating a ‘home from home’ setting; we can move forward in growing the Hartford Care brand to create new caring communities that are kind and welcoming of everyone.
“Clarke Willmott were critical to the success of this complicated transaction. The team guided us through the process and supported us throughout. We are incredibly grateful to Clarke Willmott for navigating the deal through to completion.”
Kelvin Balmont, said:
“It has been a pleasure to work on this transaction and we look forward to seeing the Hartford Care Group continue to grow and develop.”
Clarke Willmott is a national law firm with offices in Birmingham, Bristol, Cardiff, London, Manchester, Southampton and Taunton and is this year celebrating its 135th anniversary.
For more information about Clarke Willmott’s corporate and commercial expertise visit Corporate law - Clarke Willmott solicitors