On 22nd July 2019, Cairngorm Capital announced its acquisition of Millbrook Healthcare, marking the investor’s entry into the assisted living sector.
Capital Law acted for the 6-member-strong management team of Millbrook Healthcare on this transaction, working closely with the CEO, Phillip Campling, the incoming Non-Executive Chair, Mike Kerins.
Millbrook Healthcare is an outsourced provider and manufacturer of assessment services, equipment and home-based adaptions that help prolong users independent living at home. It also offers the broadest range of community and mobility-related services in the industry to the NHS and local authorities. Headquartered in Southampton and established since 1995, Millbrook now have 29 service centres across the UK.
This acquisition will allow Millbrook to benefit from funding and expert guidance from the Cairngorm network.
Corporate Partner Alys Carlton, who led the deal said:
“Having previously supported the management team of several of Cairngorm Capital’s portfolio companies, we were delighted to work once again with Cairngorm and its team of advisers. Phil, Mike and the wider management team were an absolute pleasure to deal with, and the meaningful partnership they have already formed with Cairngorm bodes well for the future. We wish everyone all the best.”
Phillip Campling, MD of Millbrook said:
“Thanks for all your support, Alys – your help translating and guiding us through this was invaluable.”