CBPE's OH Assist acquires Working On Wellbeing

Financial details of the transaction remain undisclosed, although Working On Wellbeing generated EBITDA of £1m in 2015, according to publicly available records.

The bolt-on comes 14 months after the GP backed the MBO of OH Assist from Atos IT Services.

CBPE is invested in the company via its eighth fund, which held a final close on £405m in January 2010.

Company
Founded in 1991 and headquartered in Redditch, Worcestershire, Working on Wellbeing operates under the Optima Health brand, providing on-site and mobile healthcare services for corporate clients and the public sector. The business generates a turnover of £21m, according to publicly available records.

People
CBPE Capital – Anand Jain (partner).
Working On Wellbeing – Simon Dickinson (CEO).

Advisers
Vendor – Springboard Corporate Finance, Ben Bolt (partner).

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• Close Brothers Private Equity (CBPE)
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