Charles Russell Speechlys advises Lovett Care on its acquisition of New Care
Charles Russell Speechlys has advised Lovett Care, a leading provider of elderly care across England and Wales, on its acquisition of luxury care home developer and operator, New Care.
This deal takes Lovett Care’s portfolio from 16 homes with 1091 care beds up to 31 homes with 2148 care beds, nearly doubling the size of their operations and increasing the group’s regional presence in the North-West and Midlands. This acquisition is consistent with Lovett Care’s dedication to delivering the highest standard of care in attractive market locations, with the newly combined group striving to build, fill, and operate high-quality homes in the UK.
Keith Crockett, CEO of Lovett Care, commented:
It was fantastic to work with the Charles Russell Speechlys team on this milestone acquisition. We see David Coates, Mark White and the wider team as an extension of our own. Their knowledge and insights into our business and sector played a key role in the successful completion of this deal.
David Coates, Corporate Partner, commented:
We are thrilled to have worked with Lovett Care and HIG on this transformational deal, which allowed us to showcase our expertise in the social care sector, across a number of teams – particularly corporate and real estate. We look forward to supporting Lovett on its future growth and development.
The team was led by Corporate Partner David Coates assisted by Senior Associate Nathan Lightman and Associate Anna Schwarze. Real Estate Partner Mark White was assisted by Associate Amy Shuttleworth, alongside Camilla Bunce, Nick Wyatt, Jessi Tamber and David Pike. A significant wider team including specialists from Tax, Employment and Pensions, Construction, Commercial and Banking was also involved.
