Spring Ventures backs £10m HFH MBO

In addition to its equity investment, Spring also underwrote the debt for the deal.
The transaction enabled HFH's new CEO Catherine Hellary to acquire the business from its original founder.

Following the transaction, Spring will support HFH in boosting its activities in and around London, and further its expansion into paediatric care.

Company
Founded in 2011, HFH provides long-term domiciliary care for individuals with complex medical needs, including brain injuries and neurological conditions. It has set up 22 partnerships with the NHS continuing care team and local authorities.

The Wimbledon-based company generates revenues of around £16m and employs 35 people at its head office, as well as around 400 carers.

People
HFH Healthcare – Catherine Hellary (CEO).
Spring Ventures – Alex Brebbia (managing partner).

Advisers
Company – Mazars Corporate Finance, Nick Johnson, Simon Fitzsimmons (corporate finance); Eversheds (legal); RSM (financial due diligence); CIL (commercial due diligence).
Vendor – EBITDA (corporate finance); Wansbroughs (legal).

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