UK - MML Capital backs £31m Vanguard MBO

Vanguard's management team, led by Ian Gillespie, Andrew Allen, and Gary King, all also take a significant equity stake in the company. HSBC provided a senior debt package to support the deal.

The company, based in Brockworth, Gloucestershire, manages mobile endoscopy units and wards within public and private hospials in the UK. The company was founded in 2002.

As part of the transaction, MML partner Ian Wallis will join the Vanguard Board. The investor has also committed to providing further funds for ongoing expansion.

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