Bracebridge Corporate Finance has advised on the sale of Care First Management Services Limited and Respite Breaks Limited to Outcomes First Group.
Birmingham based Care First has been delivering educational day provision to adults who have a range of learning difficulties and physical disabilities for over 25 years. It operates from a number of sites across the Midlands and has in excess of 100 employees. It works in partnership with the NHS, Local Authorities, and a number of charitable organisations. Respite Breaks is a CQC approved provider of respite care services.
Outcomes First Group is a leading provider of specialist childcare services and is backed by Stirling Square Capital Partners. The group comprises Acorn Education and Care, National Fostering Group and Options Autism.
Neil Thorogood, previous Chairman of Care First, commented: “We are delighted to have found a partner who will take Care First to the next level, whilst continuing to offer the same high quality services with the existing management team. We are also extremely grateful for the hands-on support provided by Bracebridge, who managed the entire sale process from start to finish, including the initial preparatory work, identifying potential buyers through to the final negotiations”.
Andy Moore, Managing Director of Bracebridge Corporate Finance commented: “We are delighted with the outcome for the shareholders, providing them with an exit and at the same time allowing the business to continue its growth strategy under Outcomes First’s ownership.”
