Newly-formed financial advice firm Lighthouse Management Advisers has overseen its first deal – and pledged there would be more to come.
The firm – an alliance between Nick Johnson, corporate finance partner at Mazars in Birmingham, and private equity specialist John Handley, acting closely with corporate lawyer Guy Green of George Green – has advised its first deal.
The firm oversaw the executive management led by Mike Gordon in relation to Vitruvian Partners acquiring a majority interest in Healthcare at Home, the UK’s leading provider of clinical homecare services.
Vitruvian’s investment and a £100 million asset based lending facility from HSBC and RBS will enable the continued rapid development of the business.
Mr Johnson said Lighthouse Management was working on a pipeline of transactions and hopes to have more soon. He said: “We have hit the ground running, have had an excellent start and our offer is very different. You get all the bases covered from the outset.”
Healthcare at Home has around 1,000 employees and served over 150,000 patients in 2011. Mr Handley added: “There are not too many deals of that size being done in the UK at present, never mind the Midlands, so it was an achievement of which we are proud. We are all focused on providing support and advice to management teams in private equity backed businesses.”