Jamieson Corporate Finance announces its role in advising the incumbent management team of Castlebeck on the £255m tertiary buyout from HgCapital. Castlebeck has been acquired by Castle Holdings Limited, a Jersey-registered company associated with Barchester Healthcare Group, the leading quality private healthcare provider.

Castlebeck is the leading UK independent provider of specialist healthcare and rehabilitation services for adults and adolescents with learning disabilities and challenging behaviour. The company operates 17 specialist hospitals and care homes across the Midlands, North East of England and Scotland. Customers include many NHS and Local Authorities with service users referred from across the UK predominantly via Social Workers or Psychiatrists.

The management team joined post acquisition by HgCapital in 2002, since which time more than £30m has been invested in new hospital facilities across the UK and nearly 100 additional beds have been commissioned which meet the very best care standards. Under new ownership, the company will continue with its expansion plans to meet the needs of patients and healthcare providers across the UK and has a pipeline of properties in development.

“There was a highly competitive auction process for Castlebeck and we are pleased to have brought it to a successful conclusion for all parties. The transaction has provided a fantastic opportunity for the management team led by David Cole, to negotiate their own deal so as to enjoy the next phase of growth at Castlebeck”.

Ian Jamieson, Jamieson