Sept 2007

Hazlewoods LLP advise on the acquisition of Sutton Veny House Nursing Home by Avon Care Homes Limited

The Cheltenham based Corporate Finance Team of leading firm of business advisers and chartered accountants, Hazlewoods LLP, led by Partner Norman Webber, has recently advised on the acquisition of Sutton Veny House Limited.

Sutton Veny House Limited provides residential nursing care for up to 28 elderly residents and has planning permission and listed building consent for expansion to accommodate up to 35 patients. The home, a former country house, is based within 16 acres of parkland located in the village of Sutton Veny near Warminster, Wiltshire.

CBPN Investments Limited, a company under common ownership with Avon Care Homes Limited acquired Sutton Veny House. The home will be subject to significant upgrade and will then represent an excellent addition to the Avon Care Group's high quality care portfolio.

Norman Webber and John Lucas provided Financial Due Diligence advice and advisory work to Mrs Christine Bila, the Director of Avon Care Homes Limited, utilising the significant experience that the team have in Long-Term Care.

Withy King of Bath provided legal advice to Avon Care Homes Limited in the transaction.

For further information on this press release, please contact:

Norman Webber
LLP Corporate Finance Partner
nlw@hazlewoods.co.uk