Next Stage 4 Life Acquired by CFS Care to Broaden Care Services
Deal News | Nov 28, 2024 | Cowgills
CFS Care, a Greater Manchester care provider for young people, has acquired Next Stage 4 Life, another young persons care operator in the region. The acquisition expands CFS Care's capabilities in residential care, further complementing its existing offerings, including fostering and supported accommodation. The transaction was supported financially through a debt facility from Shawbrook Bank’s healthcare team. Cowgills provided corporate finance advice to the selling company, Next Stage 4 Life, while Gateley and Pinsent Mason handled the legal advisory services. MHA supported CFS Care with corporate finance, due diligence, and additional banking services. Kim York, CFS Care's chief executive, emphasized the acquisition's alignment with their mission to enhance care for young people. The consolidation is part of the expanding M&A activity within the UK care sector, driven by the need for quality care services.
Sectors
- Healthcare & Social Care
- Corporate Finance
Geography
- United Kingdom – The transaction is situated within the Greater Manchester region, affecting local care service dynamics in the UK.
- Greater Manchester – Both the acquiring and target companies are based in Greater Manchester, thus deeply affecting the local care sector.
Industry
- Healthcare & Social Care – The acquisition involves companies providing care services to vulnerable young people, making this sector integral to the transaction.
- Corporate Finance – Involves financial structuring for the acquisition, highlighting roles of Cowgills, MHA, and Shawbrook in supporting the deal's financial aspects.
Financials
- Undisclosed – The financial terms of the acquisition were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CFS Care | Bidding Company | Company | A care service provider focusing on fostering and residential care, aiming to expand operations through this acquisition. |
| Next Stage 4 Life | Target Company | Company | A young persons residential care operator in Greater Manchester. |
| Cowgills | Corporate Finance Advisor | Company | Advised Next Stage 4 Life on the sale process. |
| Shawbrook Bank | Lender | Company | Provided debt facility to fund the acquisition through its healthcare team. |
| MHA | Corporate Finance Advisor | Company | Supported CFS Care in the acquisition, offering due diligence and other advisory services. |
| Gateley | Legal Advisor | Company | Provided legal advice to Next Stage 4 Life. |
| Pinsent Mason | Legal Advisor | Company | Provided legal advice to Shawbrook Bank. |
| Harrison Drury | Legal Advisor | Company | Provided legal advice to CFS Care. |
| Kim York | Chief Executive | Person | Chief Executive at CFS Care, provided insights into the strategic reasons behind the acquisition. |
| James Kennedy | Corporate Finance Partner | Person | Corporate finance partner at Cowgills, led advisory services for Next Stage 4 Life. |
| Benjamin Sanders | Associate Director - Healthcare | Person | Associate director at Shawbrook, commented on the significance of the acquisition in the UK care sector. |