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Hazlewoods Corporate Finance team advise on the sale of New Partnerships' supported living and residential care business

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8 December 2017

Hazlewoods Corporate Finance, led by John Lucas, are pleased to announce that they have recently advised on the sale of New Partnerships Ltd to the Regard Group.

Founded in 2007, New Partnerships provides supported living and residential care across eight services for adults with learning disabilities in and around Braintree, Essex.

For the Regard Group, this recent acquisition brings the total number of specialist residential and supported living services run nationwide to 159.

Regard’s CEO, Sandie Foxall-Smith, said: “We are delighted to welcome the people who live and work at the New Partnerships services into the Regard Group. New Partnerships has been delivering a great service, which is part of what we’re buying, and we’re really looking forward to working with their brilliant staff team.”

New Partnerships’ previous owner, Clair Leonard added “I have every confidence that the new ownership will deliver exactly the sort of results we would most like for our people, and we’re delighted to be handing over to such a forward-thinking Group.”

John Lucas of Hazlewoods Corporate Finance noted, “We are delighted to have been able to assist Neil and Clair in the successful sale of their business to Regard, a well-known reputable group who will maintain the high standards for which New Partnerships is known. It was a pleasure to work with all parties involved in the transaction and wish them every success in the future.”

Legal services were provided to the vendor by Leonard Gray LLP and by Ansons to Regard.

Hazlewoods LLP Corporate Finance advised on 91 transactions valued at £356m in the nine months ended 30 September 2017.