HCRG’s Sale Of CRG Homecare and Allied Healthcare

In UK Freeths, advised on the matter.

Freeths advised Health Care Resourcing Group with a team including Andy Francey (Corporate M&A), Dahren Naidoo (Picture – Corporate M&A), Alex Jones (Real Estate), Claire Boyce (Tax M&A and Deal Advisory).

HCRG (Health Care Resourcing Group – part of Twenty20 Capital) sold its homecare provider businesses (CRG Homecare and Allied Healthcare).

HCRG had acquired Allied Healthcare in 2018 when it was on the brink of collapse and following a swift turnaround and investment in people, Twenty20 Capital successfully merged Allied with its existing homecare brand CRG Homecare. Both businesses now have a total revenue of £75m. The same management team will lead the brands, which will continue to operate as normal. Changes are not expected to the services provided and local branch teams and care workers will continue to provide care.

HCRG is part of Twenty20 Capital, who agreed the final sale, which has created the second largest homecare provider in the country. It has also provided strong returns for management and shareholders.

Dahren Naidoo (Picture) led a multi-disciplinary cross office Freeths team, supported by Baljit Atwal, Malin Svanberg Larsson, Andrew Francey, Alexander Jones, Claire Boyce and Alex Angelides.

Involved fees earner: Alex Angelides – Freeths; Baljit Atwal – Freeths; Claire Boyce – Freeths; Andy Francey – Freeths; Alex Jones – Freeths; Malin Svanberg Larsson – Freeths; Dahren Naidoo – Freeths;

Law Firms: Freeths;

Clients: Health Care Resourcing Group ;

Author: Giulia Di Palma