Stirling Square Capital Partners has acquired Consensus Support Services from Caring Homes Group
Consensus Support Services is a market-leading provider of specialist residential and supported living services across the UK. Founded in 2005, Consensus operates a freehold property portfolio of more than 90 services, providing housing and care for approximately 600 supported individuals across high-acuity learning disabilities, Autism Spectrum Disorder and other complex needs. The company has a differentiated service offering that targets supporting service users with severe needs and has built a strong market position in this area. Consensus is also uniquely positioned as the clear UK market leader in Prader-Willi Syndrome (PWS) services, a rare genetic condition, providing specialist support to nearly 100 individuals across 13 services. Consensus has an industry-leading reputation with 94% of services rated ‘good’ or ‘outstanding’ by the Care Quality Commission and has an excellent long-term relationship with funders, working with more than 130 local authorities across the UK.
Advising Stirling Square in a competitive and complex auction, Lincoln’s corporate finance experts provided full buy-side process management and diligence support while giving invaluable sector insights, tactical support and crucial competitor intelligence. Lincoln’s Debt Advisory Group also supported the client to negotiate and secure a strong debt package that combined attractive opening leverage with flexible documentation enabling value-enhancing initiatives post completion; both critical to maximizing the attractiveness and deliverability of the client’s final offer in the auction. The transaction was signed on November 20, 2020 and completed on December 14, 2020.
Matthew Lee, Managing Director in Lincoln’s Healthcare Group, commented, “This was a complex deal involving a corporate carve-out, but one which our client was determined to win. By utilizing Lincoln’s global network and complementary service offerings for our client and providing full buy-side support, we were able to bring unique insights into domestic and international competition and make the right tactical calls that played to our client’s advantage.”
Aude Doyen, Managing Director in Lincoln’s Debt Advisory Group, commented, “It was a pleasure working with our client, lenders and legal advisers to tailor a comprehensive financing package that will support the growth of a quality provider of such essential care services to hundreds of individuals and their families.”
We have been impressed by the Lincoln team. They provided fully integrated mergers and acquisitions (M&A) and debt advisory services and effectively managed the process, allowing us to win a competitive and complex auction. Lincoln's extensive network delivered crucial insights into domestic and international competition.
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