Contributors
Womble Bond Dickinson (WBD) has teamed up with the corporate finance team at Azets on the sale of Care Homes for Adult with Disabilities Ltd (CHAD) to Midlands-based Swanton Care & Community Ltd.
CHAD was founded in 2005 and operates three sites across Whitley Bay in Tyne and Wear. Swanton provides specialist supported living, residential and nursing care for adults and children with autism and learning disabilities and other services through its facilities across England, Wales and Scotland.
The WBD team advising the selling shareholders was led by Managing Associate Oliver Rickett and Solicitor Becky Brook from the firm's Corporate practice in Newcastle. Support was provided by Trainee Solicitor Ellie Tilbrook as well as real estate lawyers Jenny Smith and Lydia Sharpe.
Oliver Rickett of WBD said:
"We very much enjoyed working with Lee and the Azets team on the sale of CHAD to Swanton; another great example of private equity-backed national acquirers recognising the high potential and calibre of businesses within the North East. CHAD is a truly successful business and delivers for a great cause – we're really looking forward to following its continued progress under Swanton's stewardship."
Lee Humble, Corporate Finance Partner at Azets, added:
"Swanton are in a fantastic position to take CHAD from strength to strength, building on its excellent reputation for providing care to adults and children with complex needs and supporting them in achieving greater independence."
Michele Millen, one of the selling shareholders of CHAD, said:
"We are delighted to have handed over the reins to Swanton Care ensuring the high-quality standard of care remains for all of our service users. Many thanks to Azets and Womble Bond Dickinson for their assistance and exceptional service throughout."
