LG advises on sale of domiciliary care provider
23 April 2007
LG advised Careforce Group plc ("Careforce"), the domiciliary care service provider, in connection with the recommended offer made by Mears Group plc ("Mears") for the entire issued share capital of the company. The Offer was made on the basis of Careforce Shareholders receiving shares in Mears or a full cash alternative and valued the existing issued share capital of Careforce at £22.2 million.
The Offer was declared unconditional in all respects by Mears, the UK's leading social housing repairs and maintenance provider on 4 April 2007. Mears financed the Offer by way of a placing of its shares.
The LG healthcare team advising Careforce was led by Hugh Maule and assisted by Victoria Thorp and Anna Huxster.
Hugh said: "We have advised healthcare client Careforce since it came to the AIM market in 2004. We wish Mears every success with its newly acquired asset and hope to be able to continue to advise Careforce on corporate and other issues."
BPE Solicitors advised Mears.
Notes to editors
- With over 270 lawyers, Lawrence Graham LLP advises entrepreneurial and growth market clients seeking to raise capital for their business ventures.
- The LG healthcare practice is M&A focussed and we are currently instructed on four acquisitions within the sector.
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