Belgravia Investments Limited, THCS IV GP S.a.r.l, managed by Thcp Advisory Limited, Asset Management Arm, Kensington Capital Limited and Sheikh Holdings Group (Investments) Limited made an offer completed the acquisition of CareTech Holdings PLC from a group of sellers.
As per update on June 27, 2022, the Independent Directors of CareTech Holdings PLC unanimously recommended its shareholders to vote in favor of the transaction. The transaction is subject to certain conditions including approval from shareholders of CareTech Holdings PLC and court approval. The offer is expected to become effective in third quarter of 2022. The Scheme is expected to become Effective on 27 September 2022.
Emma Earl, Freddy Crossley, Charles Leigh-Pemberton, James Sinclair-Ford and Mark Rogers of Panmure Gordon (UK) Limited and Jonathan Wilcox, James Black, Alec Pratt and Duncan Monteith of Numis Securities Limited acted as financial advisor to CareTech. Lazard advised Three Hills Capital Partners and Sheikh Holdings. Ashurst is advising Amalfi Bidco Limited (a newly formed company indirectly owned by Sheikh Holdings Group (Investments) Limited, Belgravia Investments Limited and Kensington Capital Limited, and funds managed by THCS IV GP S.à r.l. and TH Management IV S.à r.l. and advised by THCP Advisory Limited) in relation to its recommended cash and share acquisition of the entire issued and to be issued share capital of CareTech Holdings PLC. Andrew Truscott, Sian Evans, Will Morton and Chris Wren of Citigroup Global Markets Limited, Bob Morris and Graeme Atkinson of Dean Street Advisers Limited acted as financial advisors to offerors. Charles Russell Speechlys LLP is acting as legal adviser to CareTech. Proskauer Rose (UK) LLP is acting as legal adviser to THCP. GSC Solicitors LLP is acting as legal adviser to Kensington and Belgravia. Deutsche Bank AG, London Branch is acting as financial adviser to Sheikh Holdings.
Belgravia Investments Limited, THCS IV GP S.a.r.l, managed by Thcp Advisory Limited, Asset Management Arm, Kensington Capital Limited and Sheikh Holdings Group (Investments) Limited made an offer completed the acquisition of CareTech Holdings PLC (AIM:CTH) from a group of sellers on September 27, 2022.