We are delighted to have advised Bangeston Autism Care Services on their sale to Orbis Education and Care Ltd.
Bangeston Autism Care Services was established in 2003 and is one of Wales’ leading providers of residential care to adults recognised as being on the autistic spectrum. Located in Pembrokeshire, the company was acquired in 2003 by Steve and Anne Jones and Steve Lawrance, with Director of Care, Sheila Jack, joining in 2008. Since then, Bangeston Autism Care Services has transformed into one of the most well-respected care providers in Wales with an outstanding reputation for quality of care to over 30 service users across four sites. The shareholders engaged with us to act as lead advisors on the sale of the company with the shareholders seeking a full exit and retirement from the business. The shareholders sought a new owner to take the company forward on this exciting journey whilst maintaining its legacy and securing the future of its staff and service users.
Our team ran a competitive sale process, with much interest coming from trade buyers and residential care consolidators throughout the UK and overseas. Cardiff based Orbis Education and Care Limited (Orbis), backed by August Equity LLP, was chosen as the preferred bidder due to similarities between the quality of care and culture of the two businesses.
The team leveraged strong healthcare knowledge and relationships with key decision makers at care providers. The team was able to provide both a comprehensive map of the healthcare market and introduce the ultimate buyer, Orbis.
“The Grant Thornton corporate finance team was outstanding from the outset and clearly understood the importance to the Shareholders of leaving a strong legacy for Bangeston Autism Services. We are delighted with the outcome of this deal and we owe that to Grant Thornton.”Steve Jones Managing Director, Bangeston Autism Care Services