Ogier has acted for Four Seasons Health Care on its acquisition by leading private equity firm Terra Firma. The company is being acquired for a total consideration of up to £825m.
Four Seasons is the largest independent provider in a £15 billion market in the UK. The Company operates 445 care homes, with 22,364 beds, and 61 specialist care centres, with 1,601 beds. During a period of financial uncertainty, Four Seasons has achieved a turnaround in quality of care and business performance, and is trading profitably.
Ogier provides legal, professional director and fiduciary services to the group.
Simon Mackenzie, Ogier Group partner commented:
“We are delighted to have acted for Four Seasons Health Care in this transaction. Going forward the group will have significantly reduced debt and a secure and sustainable capital structure, which is great news for residents and employees alike.”
The Ogier team of Simon Mackenzie, Phil Le Cornu, Nick Ward, Jo Pitcher, Raulin Amy and Caroline Chan worked alongside restructuring experts Talbot Hughes McKillop and UK legal advisors Macfarlanes LLP.