The Cooper Parry Corporate Finance team has completed another high-profile healthcare deal, advising WestBridge on their £9.6m investment to support the MBO of Bespoke Health & Social Care.
Established in 2011, Bespoke is a specialist nurse-led service provider, with over 50 employees and 620 trained carers who enable and empower individuals with complex health and social care needs to be supported within their own homes and communities. Bespoke works in partnership with its clients, their families, circles of support and multi-agency teams, to support children and adults with a physical disability, mental health conditions, learning disability and autism. The company is committed to driving the Transforming Care agenda, which aims to provide care in homes, not hospitals.
Headquartered in Nottingham and with a strong reputation for the quality of its provision, the company currently manages contracts from 58 of the UK’s Clinical Commissioning Groups (CCGs).
The deal sees Bespoke founder Paul Sais retain a significant share of the business and take a seat on the board. Craig Rushton has been appointed as chairman, and he will work closely with the incumbent six-strong management team, led by managing director David Hatton, to take the business forward.
This investment by WestBridge, an award-winning private equity house, will underpin Bespoke’s future growth and development.
Tim Whittard, Partner at WestBridge, said:
“We are very pleased to have completed our investment in Bespoke and it was a pleasure working with the Cooper Parry team on this transaction. Their dedication and commitment throughout the process coupled with their strong private equity expertise and strong knowledge of the health and social care market was instrumental in helping us to get the deal completed in this unprecedented environment. We look forward to working with them again in the future.”
Andy Parker, Partner at Cooper Parry Corporate Finance, said:
“Bespoke is a great business which has been growing rapidly and has responded strongly to the current pandemic. We are delighted that our healthcare knowledge and private equity expertise have been instrumental in driving through this investment by WestBridge.”
Niall Chantrill, Associate Director at Cooper Parry Corporate Finance, added:
“We are delighted to have advised on another high-profile healthcare transaction. The investment from WestBridge is a great opportunity for the Bespoke team to continue to build on a very successful business renowned for providing high quality care.”