Sale of Millbrook Healthcare Limited

Smith & Williamson advises £100m+ turnover Millbrook Healthcare Limited (“Millbrook”) on its sale to Cairngorm Capital Partners LLP (“Cairngorm Capital”).

Written By: Brian Livingston

Published: Tue, 23 Jul 2019 11:48 GMT

Millbrook is an established and leading nationwide provider of equipment, assessment and home based services to help people live more independently, at home, for longer. The company supports individuals, along the care pathway, through the provision of aids ranging from walkers and frames through to bespoke wheelchairs and specialist active pressure care mattresses. Headquartered in Southampton, Millbrook has 29 service centres across the UK and offers a fully integrated service to Local Authorities and the NHS.

Smith & Williamson worked with the directors and shareholders of Millbrook to deliver a successful sale to a partner with the appropriate strategic and operating experience to take the business through its next phase of growth. Cairngorm Capital, in partnership with the long-established management team, is keen to take advantage of the expected expansion of community care services in the UK and continue to deliver its industry leading level of service to its key stakeholders. Cairngorm Capital is a specialist private investment firm that provides equity capital, strategic advice and management expertise to ambitious UK companies.

Brian Livingston, Head of M&A for Smith & Williamson, led the transaction assisted by Stuart Goodman and Zach Francis.

Colin Croll, Chairman of Millbrook, said “We found the input and advice from Brian and the team at Smith & Williamson invaluable. They were always available and solved problems to ensure a smooth process and helped us complete a transaction with a party, who we believe to be, the right strategic partner for the business and the management team.”

Brian Livingston, Head of M&A for Smith & Williamson, said “Millbrook is a family owned business with a well-recognised brand in the rapidly growing healthcare services marketplace. We are delighted to have led another transaction in the healthcare services industry thereby enabling a family owned business to achieve an exit to a party that is seeking to build upon the values that the Croll family instilled in the business. We wish Cairngorm Capital the very best for the future.”

For further information please contact:

Brian Livingston
T: 020 7131 4914

Stuart Goodman
T: 020 7131 4999

By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. This briefing does not constitute advice nor a recommendation relating to the acquisition or disposal of investments. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication.

Notes to editors

Notes to editors
Smith & Williamson is a leading financial and professional services firm providing a comprehensive range of investment management, tax, financial advisory and accountancy services to private clients and their business interests. The firm’s c1,800 people operate from a network of 11 offices: London, Belfast, Birmingham, Bristol, Dublin (City and Sandyford), Glasgow, Guildford, Jersey, Salisbury and Southampton. Smith & Williamson is part of The Tilney Smith & Williamson Group.