September 2008

Hazlewoods LLP advises on the management buy-out of Zenith Child Care Services Limited

Hazlewoods Corporate Finance, a leading adviser in the Healthcare Services sector with a significant track record on acquisitions, disposals and finance, has recently advised on the management buy-out of residential child care provider Zenith Child Care Services Limited.  The Hazlewoods team was led by Norman Webber and John Lucas.

ZCCS Holdings Limited, which was formed for the purposes of the transaction, provides residential care and private education for children with emotional and behavioural difficulties in the Gloucestershire area and will continue to grow and develop under the guidance of father and daughter team Adrian and Rowan Thomas.

The transaction included the refinance of a number of residential homes held in Zenith Homes LLP.

Adrian Thomas of Zenith Child Care Services Care Limited commented, “The advice and support from the Hazlewoods team has been invaluable with the MBO and we look forward to a long and productive partnership.” 

Norman Webber of Hazlewoods Corporate Finance noted, “Zenith Child Care Services provides high quality care and support to vulnerable service users and we were delighted to assist Adrian and Rowan Thomas with the MBO.  The company is now in a strong position to expand its services.”

Rod Thomas and Suzanne Gilhooly of Harrison Clark LLP provided legal advice to ZCCS Holdings Limited and the healthcare team of RBS, lead by Tony Kear, provided debt finance.

For further information on this press release, please contact:

Norman Webber
LLP Corporate Finance Partner
norman.webber@hazlewoods.co.uk

or

John Lucas
Corporate Finance Manager
john.lucas@hazlewoods.co.uk