As the curtain falls on 2020, it’s been a year to remember – not least for the Cooper Parry Corporate Finance team.
Despite the pandemic and all its uncertainty, the team worked with some fantastic businesses and entrepreneurs to complete four transactions since lockdown began, including three in one month, and two in the space of a week.
Half of those deals came in Health & Social Care – a longstanding, key focus area for the team and a sector that has proved its resilience and cemented its attraction to investors over the last twelve months.
THE DEALS. AS THEY HAPPENED
First up, they advised PE house WestBridge on its £9.6m investment to support the MBO of Bespoke Health & Social Care – a specialist nurse-led service provider supporting individuals with complex needs within their own homes and communities. Then, they advised the shareholders of Bryn Melyn Care on the sale to Outcomes First Group, creating the third largest provider of residential care by capacity in England.
The team’s flurry of deals then continued with the completion of two more transactions in the same week.
They advised the shareholders of Ross Trustees, a professional pensions scheme trustee services provider, as it secured investment from leading mid-market private equity investor, LDC. And finally, they advised the shareholders of well-invested, fast growing toilet and kitchen roll supplier, Leicester Tissue Company Ltd, on the sale to Acrol Holdings Plc.
There was more exciting deal news for the wider Cooper Parry business this year, too, with the arrival of CP Futures’ new Raising Finance team. Led by Sarah Abrahams, the team is delivering funding advice for seed and Series A rounds, strengthening CP’s expertise in advising ambitious, entrepreneurial businesses in the tech sector throughout their growth journey.
INSIGHTS. OPPORTUNITIES. KEEPING THE MARKET HEALTHY
Connecting with businesses in the team’s target sectors and sharing their knowledge on investment opportunities and market trends remains a top priority.
At the end of July, the team hosted their first ‘Gin & Topics’ virtual healthcare roundtable, bringing together leaders from Health & Social Care businesses to discuss the hottest topics in the sector, paired with a responsibly refreshing assortment of gins.
Jemma Bailey, our new Deal Originator, joined CP in November to continue developing relationships across sectors where the team’s deal credentials and buyer interests lie, and this year, they produced six sector-specific insight reports.
Five of those were in Technology – another key focus sector – covering Data Analytics, Cyber Security, EdTech, the evolution of Healthcare Technology and Tech-enabled Care in the Home. Then, they also published an insight report on another dynamic, growing sector: Waste Management & Recycling.
THE PEOPLE MAKING IT HAPPEN
Culture and connection have never been more important, and as the business shifted effectively to Working From Anywhere, Anytime, Forever, so did Corporate Finance, with team members working together seamlessly across the UK and overseas.
Cycling and running challenges have been the team’s go-to to stay cobweb-free, and Andy Parker, our Partner & Head of Corporate Finance, is taking things one pedal further in 2021 by cycling all 21 stages of the Tour de France for Cure Leukaemia. If you’d like to donate to this fantastic cause, you can do so here.
2020 also brought some hugely exciting personal news for the team in the shape of new houses and a baby. And now, as the first wave of vaccines rolls out across the UK at the time of writing, 2021 is all set to be a year to remember, once more.