ABL Health funding
We provided funding to support Bay Tree Private Equity (‘Bay Tree”) management buyout of ABL Health Limited (“ABL”), the UK’s leading provider of community driven holistic health and well-being services.
ABL Health is commissioned by local authorities to deliver healthcare services such as weight management programmes, smoking cessation clinics, alcohol reduction advice, emotional wellbeing support, mental health services for children and young people, and preparing for cancer treatment.
Denise Leslie, CEO of ABL Limited, said: “This is an incredibly exciting time for the business. Bay Tree’s investment and expertise will bring additional insight and help us in our mission to reduce health inequalities for the most vulnerable people in our communities and to further enhance our position as the provider of choice both in terms of quality of provision and thought leadership in Public and Mental Health services”.
Bay Tree Partner, Edward Cottrell, adds “We are delighted to be supporting Denise and her high-quality management team. We have been hugely impressed by ABL’s socially motivated, values-driven business model and look forward to being part of its next period of growth”.
Edward Cottrell and Michael Simmonds will be appointed to the Board. In addition, ABL has appointed Jerry Benson as Chairperson. Bay Tree Partner Michael Simmonds adds, “We are delighted to have Jerry on board as Chair, we have been impressed with his track record in running and scaling successful UK healthcare businesses and believe he will make a significant impact to ABL’s future success”
James Osbiston, Director, ThinCats said: “We are delighted to have supported Bay Tree and the expert management team at ABL on this transaction. ABL has built a great reputation in the market and is in a fantastic position to continue its strong growth trajectory with this new partnership. We look forward to seeing the business go from strength to strength.”
Debt advisory was provided by FRP Corporate Finance. James Fitzgibbon and Fergus Gallagher at Squire Patton Boggs (UK) LLP provided legal advice to Bay Tree and HCR provided legal support to ThinCats. The KPMG team consisting of Anthony Ball, Mark Booth, Matt Donald and Ciaran Jaras provided corporate finance advice for the transaction.
It was a pleasure working with Bay Tree on this transaction. Denise and the expert management team at ABL have built something special and this new partnership will see them continue to thrive. It is gratifying to be supporting a business that is helping some of the most vulnerable people and we are excited to be on this journey with them.Dave Sherrington, Managing Director London and South, ThinCats
