RWK Goodman have advised on the acquisition of a Lancashire care home
We have advised Angel Residential Home Ltd on its acquisition of the entire issued share capital of Lowfield House Limited, as the care provider group embarks on a period of growth and expansion.
Lowfield House is a successful family-owned business operating a specialist 24 bed care home in Lancashire.
Angel Residential Home Ltd is part of the Angel Plus Homes Ltd group, the group is committed to delivering the highest standards of quality care and services, in a homely atmosphere, to people who find themselves in need of long or short term respite care.
Aqeel, director of Angel Residential Home Ltd said:
“I am very excited about this new venture. Being a Registered Nurse for the last 22 years and proprietor of a Residential Care Home for the previous 6 years makes me confident about providing the best quality services in the health sector. I am grateful to Bharti Moore and the team at RWK Goodman for their outstanding services. I have found them very professional, always ready to help, and accessible. Steve Jenner at Chandler & Co is very professional; this is my second experience with him, and he has continuously been accommodating and outstanding in his field”.
The RWK Goodman team was led by Corporate Senior Associate Bharti Moore, supported by Real Estate specialist Dan Pinheiro and Employment Partner James Sage.
“We are delighted to act on behalf of Angel Residential Home Ltd in this purchase to help them grow and expand. Aqeel and Kiran run existing care home and have a lot of expertise to offer in the care sector. This deal demonstrates the firm’s expertise in M&A and our wider work in the care sectors, highlighting the support we can offer to businesses when dealing with mergers and acquisitions in often niche areas and tight timeframes. We wish them all the best wishes and success for the future”.
Atom Bank supported the finance of the acquisition.
Steve Jenner of Chandler and Co, specialist mortgage brokers in the care sector said:
“I have had the pleasure of working with Aqeel and Kiran on the purchase of both of their care homes since first meeting them in 2015. When I first met them their passion for the sector and determination to succeed were very evident. Their professionalism in all dealings makes them clients that it is a pleasure to deal with. The team at RWK Goodman have been exceptional in guiding and helping Aqeel and Kiran through the legal process in this purchase. I wish Aqeel and Kiran every success as they continue on with their journey in the care sector and look forward to working on future acquisitions with them”.