Guildford Corporate team advises on the sale of Gerald Simonds Healthcare Ltd
The Guildford Corporate team has advised the shareholders of Gerald Simonds Healthcare Ltd on their sale to Borrum Healthcare Group Ltd.
The acquisition of Gerald Simonds Healthcare, which employs 35 people, enables Borrum Healthcare Group to enter the growing Elderly and Disabled Assistive Technology Market, which is estimated to exceed $26 billion by 2024.
Gerald Simonds Healthcare was founded in 1983 and is highly respected in the Assistive Technology sector, best known as a successful importer and distributor of high end custom-built manual wheelchairs and wheelchair seating systems.
Borrum Healthcare Group will now focus its resources on growing Gerald Simonds’ existing business by increasing geographical coverage and expanding into new and complementary product areas.
Gerald Simonds, founder of Gerald Simonds Healthcare comments, “Charles Russell Speechlys, and in particular Rebecca Burford, came highly recommended by our corporate finance adviser, Beer Mergers Ltd. I have to say the service we, the shareholders, have received has been truly outstanding. Rebecca’s ability to respond with astonishing speed and clarity and to give us practical advice on the fly has delighted us, as has her ability to produce complex and effective drafting.”
“We have been extremely well supported and guided through this unfamiliar process by Rebecca and her team. For anyone embarking on this kind of transaction I highly recommend an approach to Charles Russell Speechlys – and in particular to Rebecca.”
Charles Russell Speechlys’ Rebecca Burford adds, “It was a pleasure to assist the sellers of Gerald Simonds Healthcare on this transaction. The deal further adds to our Corporate team’s experience in the Retail and Healthcare sectors”.
Charles Russell Speechlys’ Corporate team in Guildford has advised on a number of notable deals over the last 12 months and has a growing reputation for excellence amongst businesses in the region. The firm has recently been shortlisted for four Insider South East Dealmakers Awards 2019, including Corporate Law Firm of the Year, Corporate Lawyer of the Year (Rebecca Burford) and Private Equity Deal of the Year (with two deals in this category).
The Charles Russell Speechlys’ deal team was led by Corporate Senior Associate, Rebecca Burford and included Matthew Carter (Corporate), Becky Lawton (Employment), Brett Rawlings (Tax) and Will Harwood (Property).
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