The company

Operating operates across the Midlands, Educare works with local authorities across England and Wales, providing high quality residential care and education services to children and adolescents with complex needs including emotional and behavioural difficulties and special educational needs. Established in 1995, the business has a turnover of approximately c.£10m, employs over 300 staff and currently runs twenty-one homes and four day schools.

The deal

Cowgill Holloway Corporate Finance team worked closely with the exiting shareholders, Brian Scanlon and Glyn Condliffe for four years prior to selling the business to Horizon Care. This enabled them to drive the business performance and prepare the business for sale.

Ian Johnson, Head of Cowgill Holloway’s Corporate Finance team, who led the assignment, commented: “We have closely supported the development of Educare over a number of years and we are delighted to assist the shareholders in achieving a successful disposal of the company to an acquirer seeking to develop a leading child care business. This transaction further reinforces our presence in the healthcare sector in which we continue to be very active.”

How we can help?

As with Educare, we can find a buyer for you, negotiate on your behalf and structure the deal to minimise the tax you have to pay. Our transaction sizes typically range from £1m to £30m with concentration on owner-managed businesses in the mid-corporate sector. With a substantial client and contact base, powerful research databases and close connections with other firms operating in this market (including lawyers, brokers, merchant banks and other professionals), we can find the right match for your requirements and work with you every step of the way.

As a member of the IAPA, Cowgill Holloway has access to a global knowledge base that further enhances our ability to meet your sector-specific needs.