Bracebridge Corporate Finance advised the shareholders of Care First Management Services Limited and Respite Breaks Limited on a sale 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.
Care First is an extremely niche provider of educational services and it was important to identify a purchaser who would be able to maintain the quality of service provided by Care First and also continue the excellent relationships with local councils and the NHS.
Following extensive research, and a targeted sale process, exclusivity was awarded to Outcomes First Group. They are 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.