Trade Sale • Healthcare Services

LGV Capital Exits Classic Hospitals

On February 4, 2008, invested in healthcare services company Classic Hospitals from LGV Capital for 145M GBP

Investment Context

This is transaction in the Healthcare Services sector.
This is largest (disclosed) transaction.
This is transaction in the United Kingdom.

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Investment Summary
Date	February 4, 2008
Target	Classic Hospitals
Sector	Healthcare Services
Sellers(s)	LGV Capital
Deal Type	Trade Sale
Deal Value	145M GBP

Target Company

Classic Hospitals

United Kingdom

Classic Hospitals is the fifth largest private hospitals operator in the UK, with ten hospitals and c.370 beds. Seven of the Classic estate are in the North of England with the remaining three hospitals in the South East. The hospitals source patients from private medical insurers (c.60% of turnover), the self-pay market (c.20%) and the NHS (c.20%).

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Seller Profile 1

SELLER

LGV Capital

London, United Kingdom

Category	Private Equity Firm
Founded	1989
PE ASSETS	1.6B GBP
Size	Large
Type	Sector Agnostic

DESCRIPTION

LGV Capital Ltd is the private equity arm of Legal & General Group plc, an FTSE-100 quoted insurance firm that invests in middle market consumer, healthcare, leisure and services companies headquartered in the British Isles. LGV focuses on buyouts of rapidly growing, profitable companies with defensible market positions and strong management. LGV looks to invest £15 million in businesses valued from £25 to £200 million. The Firm targets companies in specialist retail, consumer services, food/beverages, household, personal care/OTC products, luxury branded goods, residential care, education, life sciences, animal health, pubs, restaurants, caravan parks, spas, recreational facilities, consultancy, outsourcing, human capital, logistics, IT services and facilities managements. LGV Capital Ltd was formerly known as Legal & General Ventures. LGV was formed in 1989 and is based in London.

Deal Context for Seller	#
Overall	11 of 19
Sector: Healthcare Services	1 of 3
Type: Trade Sale	2 of 2
Country: United Kingdom	11 of 18
Year: 2008	2 of 4
Size (of disclosed)	5 of 10

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2008-02-04	Verna Group Bolton, United Kingdom Verna Group design, manufacture and supply of products to hospitals - the Vernacare 'system' is creating cleaner, safer, greener healthcare environments by managing infection control with affordable, sustainable products.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2008-02-04

Verna Group

Bolton, United Kingdom

Verna Group design, manufacture and supply of products to hospitals - the Vernacare 'system' is creating cleaner, safer, greener healthcare environments by managing infection control with affordable, sustainable products.

Sell

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2008-02-11	mydentist Manchester, United Kingdom mydentist is a provider of dental treatments for patients through a network of National Health Service(NHS). mydentist was founded in 1996 and is based in Manchester, United Kingdom.	Sell	£300M

DATE

TARGET

DEAL TYPE

VALUE

2008-02-11

mydentist

Manchester, United Kingdom

mydentist is a provider of dental treatments for patients through a network of National Health Service(NHS). mydentist was founded in 1996 and is based in Manchester, United Kingdom.

Sell

£300M

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