Jamieson Corporate Finance provided buy-side advice to Sovereign Capital Partners (“SCP”) as part of their investment in Hillcrest Care. SCP are backing the Management Team, led by Roger Colvin, in the buyout of the Company from it’s founder shareholders.
Hillcrest Care is one of the country’s leading providers of residential services for children in care and adults with learning difficulties.
Sovereign, the healthcare buy-build specialist, is looking to support the management team and their strategy for the group.
The buyout has been funded by the management team, Sovereign Capital Partners and debt from Haymarket Financial.
The transaction is subject to the usual regulatory requirements and is expected to close in May 2012.