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Hazlewoods advise on the investment by Ashridge Capital LLP in the management buyout of Phoenix Learning and Care Limited

Hazlewoods Corporate Finance, a leading adviser in the Health and Care sector with a significant track record on acquisitions, disposals and raising finance. The Hazlewoods team led by David Main has recently advised on the management buyout of Phoenix Learning and Care, in relation to an investment by Ashridge Capital, a leading independent private equity investor. 

Phoenix Learning and Care is the South West of England’s leading independent provider of specialist residential care and education to young people with special needs through schools and care homes in Devon and Cornwall. The investment will support the Devon-based company's plans to double its workforce within two years and expand into new territories.

Hazlewoods was instructed by Ashridge Capital and worked closely alongside founder and owner, David Sherratt, throughout the deal. David commented: ”I chose to work with Hazlewoods for this deal on the basis of their depth of experience in the sector – they provided value-added advice throughout the process and were a pleasure to work with.”

David Main of Hazlewoods Corporate Finance said, “We really enjoyed working alongside Ashridge Capital on this transaction which represents an exciting opportunity for the Phoenix Business to realize its potential”

Debt finance was provided by the Co-operative Bank.

Legal services were provided by Pinsent Masons LLP.