RSM’s transaction services team provided financial due diligence for Spring Ventures on their £10.6m investment in Home from Hospital Limited, trading as HFH Healthcare (HFH).
Spring Ventures is a private equity investor that specialises in management buyouts of UK companies with strong growth potential; healthcare is one of its four key sectors.
What RSM did
The UK market for high acuity home care is growing rapidly due to medical advances and increasing patient choice and has recently seen high levels of acquisitive activity from private equity investors and trade buyers. RSM provided Spring Ventures financial due diligence on their investment in HFH. Established in 2010, HFH provides long-term homecare for individuals with highly complex medical needs such as acquired brain injuries or neurological conditions. The business currently works with 22 Clinical Commissioning Groups (CCGs) across London and the South East, and cares for the needs of over 130 individuals. Headquartered in Wimbledon, HFH employs c.35 head office staff and c.400 carers.
Rebecca, Edward and the team provided excellent support throughout, addressing some complex issues with commercial pragmatism. This gave us the confidence to underwrite the debt requirement in addition to the £10.6m equity investment.
Alex Brebbia, Managing Partner
Rebecca Guerin, Partner
Jonathan Wade, Partner
Edward Hooper, Associate Director
Steve Jacob, Tax partner