M&A Deal Summary

Salutem Shared Services Acquires Clearwater Care

On November 9, 2017, Salutem Shared Services acquired healthcare services company Clearwater Care from Synova

Acquisition Highlights
  • This is Salutem Shared Services’ 1st transaction in the Healthcare Services sector.
  • This is Salutem Shared Services’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2017-11-09
Target Clearwater Care
Sector Healthcare Services
Buyer(s) Salutem Shared Services
Sellers(s) Synova
Deal Type Add-on Acquisition

Target

Clearwater Care

Takeley, United Kingdom
Clearwater Care is a provider of high-quality residential care facilities and supported living services for people with learning disabilities aged between 18 and 65. The platform consists of 14 freehold properties and is located predominately within the Greater London area.

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Buyer(S) 1

Buyer

Salutem Shared Services

Windsor, Ontario, Canada

Category Company
Founded 2016
Sector Consumer Services
DESCRIPTION

Salutem Shared Services Ltd. is a provider of Care, Education, and Support; for the elderly, for disabled people, and for people with learning disabilities and complex needs. Salutem Shared Services was established in 2016 and is based in Windsor, Ontario.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

Synova

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 1.7B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Synova is an independent private equity firm that invests in mid-market companies throughout the UK. Prospective companies generally possess stable cash flows, strong competitive positions and are led by experienced management teams. Synova looks to invest £15 to £150 million in transactions valued up £250 million. Synova will also consider co-investment situations. The Firm targets companies operating in the consumer products, financial services, leisure, healthcare, education business services, and IT sectors. Funds are generally used to support buyouts and growth capital needs. Synova was formed in 2007 and is based in London.


DEAL STATS #
Overall 5 of 18
Sector: Healthcare Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 10
Country: United Kingdom M&A 5 of 17
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-01 Avantra

London, United Kingdom

Avantra is a provider of Application Performance Monitoring (APM) software focused on SAP enterprise customers. Avantra core software automates daily operations monitoring and management processes, reducing costs, and supplying critical analytics to corporate customers. Avantra was established in 2000 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-15 AllClear Insurance

Essex, United Kingdom

AllClear Insurance is a travel insurance broker for customers with pre-existing medical conditions – typically in the over-55 demographic. The Business operates in the UK, Ireland and Australia and has market-leading expertise in placing insurance for impaired travel risks through its proprietary data, accumulated from nearly two decades of experience. AllClear Insurance Services was established in 2001 and is based in Essex, England.

Buy -