Acquisitions in Cheshire, United Kingdom

H.I.G. Capital-backed Lovett Care, a provider of elderly care homes across England and Wales, has completed the acquisition of New Care. Lovett Care (founded 2009, based in Newcastle-under-Lyme) and Cheshire-based New Care will combine to own 31 care homes with 2,148 total beds, creating a top-20 UK care home operator and one of the largest in the Midlands.

Telemos Capital has agreed to acquire Helios Global Group, a Cheshire-headquartered full-service healthcare communications group, from NorthEdge following a period of significant growth since NorthEdge’s 2021 investment. The transaction is expected to complete in October 2024, subject to customary approvals, and Telemos’ investment will support Helios’ continued expansion in services, technology adoption, and scaling its infrastructure.

Pivotal Growth has acquired RSC New Homes Limited and Group First Limited (holding company for Mortgages First and Insurance First) from LSL Property Services Plc. The deals expand Pivotal Growth’s specialist new-build mortgage and insurance brokerage capabilities and geographic coverage in the United Kingdom.

NVM Private Equity completed an equity investment to support a management buyout of Inprova, a Cheshire-based, tech- and data-enabled procurement services business. The MBO was led by Group CEO Steve Malone and the senior management team, with financing support including senior debt facilities provided by Shawbrook Bank. NVM’s investment will fund further development of Inprova’s technology platform and procurement analytics capabilities to accelerate growth across key procurement categories.

NAMSA, a MedTech contract research organization (CRO), acquired Perfectus Biomed Group, a UK-based laboratory and CRO providing customized microbiological testing services. The deal is intended to expand NAMSA’s European laboratory services and increase its scale and presence in the United Kingdom. Financial terms were not disclosed.

Barratt Developments PLC, via its subsidiary BDW Trading Limited, acquired land promoter Gladman Developments Limited for £250 million in cash on a debt-free, cash-free basis. The transaction was completed on 31 January 2022 and is intended to strengthen Barratt’s strategic land sourcing and promotion capabilities, with Gladman operating as a stand-alone business within the group.

Marlowe plc acquired Cheshire-based employment specialist Ellis Whittam (EW) from mid-market private equity firm LDC, which is exiting after a four-year partnership. Ellis Whittam provides employment law, HR, and health & safety services to over 35,000 UK employers and will become Marlowe’s platform for growth in employment law, HR, and safety compliance while retaining its brand and leadership.

Beauty Industry Group (BIG) acquired UK hair extension brand Beauty Works in a private transaction with undisclosed terms. Beauty Works will continue operating under its existing leadership team from its headquarters in Cheshire, United Kingdom, expanding BIG’s presence in the UK and Europe.

LDC invested £24 million to back the management buyout of SRL Traffic Systems, a UK manufacturer and provider of portable and temporary traffic equipment. Headquartered in Cheshire, SRL will use the investment to fund a capital investment program to expand its hire fleet, enhance manufacturing capacity, and develop new products, with potential for targeted acquisitions.