• Home
  •  
    Regions
    • Europe
    • UK & Ireland
    • DACH
    • Nordic
    • France
    • Southern Europe
    • Benelux
    • CEE
    • Asia
  •  
    Deals
    • Buyouts
    • Venture
    • Exits
    • Refinancings
    • Build-up
    • Turnaround
    • Secondaries
    • Advanced deals search
  •  
    Funds
    • Buyout
    • Venture
    • Mezzanine
    • Debt
    • Funds-of-funds
    • Secondaries
    • Fundraising pipelines
    • Advanced funds search
  •  
    GPs & LPs
    • GP profiles
    • LP profiles
    • GP news
    • LP news
    • Sponsors search
    • LPs search
  •  
    Secondaries
    • Deals
    • Funds
    • News
    • Analysis
  •  
    People
    • People moves
    • Analysis
    • In Profile
    • Q&A
    • Videos
    • Comment
  •  
    Analysis
    • In Profile
    • Fundraising
    • Q&A
    • Comment
    • Videos
    • Podcast
    • Reports
    • Data Snapshots
  •  
    Unquote Data
    • Deals search
    • Exits search
    • Funds search
    • Sponsors search
    • Advisers search
    • LPs search
    • League tables
    • Reports
  • Sign in
  • Sign in
    • You are currently accessing unquote.com via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0)203 741 1137

      Email: Georgina.Lawson@acuris.com

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • Twitter
    • LinkedIn
  • Free Trial
  • Subscribe
Unquote
Unquote
  • Home
  • Regions
  • Deals
  • Funds
  • GPs & LPs
  • Secondaries
  • People
  • Analysis
  • Unquote Data
  • You are currently accessing unquote.com via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0)203 741 1137

    Email: Georgina.Lawson@acuris.com

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
Unquote
  • Exits

Bowmark sells Care Fertility to Silverfleet

  • Kenny Wastell
  • Kenny Wastell
  • @kennywastell
  • 25 April 2019
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  

Bowmark Capital has sold Care Fertility, a UK-headquartered fertility clinic group, to Silverfleet Capital.

Financial details of the transaction remain undisclosed, though a recent report by Unquote sister publication Mergermarket cited an industry source with expertise in healthcare who said the business may attract bids of around 8x its pro-forma EBITDA of £11m.

The deal is the ninth investment from Silverfleet Capital Partners II – which held a final close on €870m in 2015 – while Bowmark was invested in Care Fertility via £265m vehicle Bowmark IV, which closed in 2008.

Care Fertility

  • DEAL:

    SBO

  • LOCATION:

    Nottingham

  • SECTOR:

    Healthcare providers

  • FOUNDED:

    1997

  • EBITDA:

    n/d (£11m est)

  • VENDOR:

    Bowmark Capital

DBowmark supported the £60m management buyout of Care Fertility from General Healthcare Group in 2012. During the vendor's seven-year holding period, the company  acquired new sites - adding clinics in London, Tunbridge Wells, Bath, Birmingham and Dublin - and invested in the upgrade of existing facilities. It also undertook product development on its proprietary time-lapse embryo imaging technology CareMaps.

Under Silverfleet's tenure, Care Fertility will look to continue adding to its number of clinics, partly via bolt-on acquisitions, with a view to expanding internationally. It will also continue investing in research and development.

Debt
Apollo Global Management provided a debt package to support the transaction.

Company
Founded in 1997, Nottingham-headquartered Care Fertility is a fertility clinic group focusing on IVF treatments, fertility preservation procedures and genetic diagnosis and screening. The business operates nine fully-serviced fertility clinics and 13 satellite facilities across the UK and Ireland.

People
Bowmark Capital - David Torbet (partner).
Silverfleet Capital - Alfa Chan (partner); Sumit Dheir (principal); Peter Kisenyi (investment executive); Dominic Mitchell (associate).
Care Fertility - Simon Fishel (founder); David Burford (CEO).

Advisers
Equity - Lincoln International (M&A); PwC (financial due diligence, commercial due diligence, tax); Ropes & Gray (legal); Deloitte (debt advisory); WA Communications (political due diligence); Intuitus (IT due diligence); AJ Gallagher (insurance due diligence).
Vendor - KPMG (corporate finance).
Management - Deloitte (corporate finance).

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • Exits
  • Buyouts
  • UK / Ireland
  • Healthcare
  • United Kingdom
  • Silverfleet Capital
  • Bowmark Capital LLP
  • Secondary buyout
  • Lincoln International
  • PwC
  • KPMG
  • Deloitte
  • Intuitus
  • Ropes & Gray

More on Exits

Public sector software
Partners Group to release IMs for Civica sale in mid-September

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

  • Exits
  • 04 September 2023
Lender taking the keys from a sponsor
Ares Management handed keys to two-thirds of UK sponsor’s portfolio

Lender provided GBP 500m for three of the GP's deals between 2016 and 2019, Debtwire reported

  • Financing
  • 30 August 2023
Luggage and airport services
Actera Group explores strategic options for Celebi Ground Handling

Several investors placed bids for the company in 2022 but mismatch in pricing didn't lead to a deal

  • Exits
  • 30 August 2023
HR software solutions providers
Main Capital’s Assessio to be sold to Pollen Street

Recruitment software company tripled in revenue under Main Capital’s ownership

  • Buyouts
  • 25 August 2023

Latest News

Fund closes in US dollars
  • Funds
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote

  • 05 September 2023
Clinical trials and biotechnology
  • Buyouts
Permira to take Ergomed private for GBP 703m

Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO

  • 04 September 2023
Public sector software
  • Exits
Partners Group to release IMs for Civica sale in mid-September

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

  • 04 September 2023
EMEA Public to Private M&A
  • Investments
Change of mind: Sponsors take to de-listing their own assets

EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater

  • 04 September 2023
Back to Top
  • About Unquote
  • Advertise
  • Contacts
  • About Acuris
  • Terms of Use
  • Privacy Policy
  • Group Disclaimer
  • Twitter
  • LinkedIn

© Merger Market

© Mergermarket Limited, 10 Queen Street Place, London EC4R 1BE - Company registration number 03879547

Digital publisher of the year 2010 & 2013

Digital publisher of the year 2010 & 2013