Deal Details

Prism Healthcare Sells to Charme

Healthcare

Prism Healthcare, owned by Limerston, sale to Charme

Summary

Prism Healthcare (“Prism Healthcare” or the “Company”), a Company owned by Limerston Capital (“Limerston”), was recently acquired by Charme Capital Partners (“Charme”). Limerston has retained a material minority shareholding and will remain invested to support the Company’s continued growth. The financial terms of the transaction were not disclosed.

Baird served as the exclusive financial advisor to Limerston Capital on this transaction.

About

Prism Healthcare has a diverse portfolio of UK manufactured equipment, including safe patient handling, bathing, accessibility and pressure area care products. Its products provide healthcare professionals with affordable, clinically effective solutions to help disabled and mobility disadvantaged people remain mobile and active in their own homes, in long term care facilities or in acute care environments. Prism Healthcare employs over 650 people and operates from nine UK locations, with a network of international distributors working across UK, EU and global markets. The Company’s customers include both public authorities and private providers, helping healthcare professionals provide excellent care, promote learning, aid movement or recovery, and support independence. Prism Healthcare is headquartered in Wakefield, the United Kingdom.

Founded in 2015, Limerston Capital pursues control investments in UK lower mid-market companies. Backed by US and European based institutional investors, the firm manages funds in excess of £300 million. Limerston seeks to create value through the firm’s operationally focused and buy-and-build model. Limerston targets businesses with EBITDA of between £5 million and £15 million, that have a solid value proposition and provide opportunities for strategic repositioning and consolidation. Limerston Capital’s fully integrated team of operating partners participates in all aspects of deal origination, value creation and portfolio management. Limerston Capital is headquartered in London, the United Kingdom.

Founded in 2003, Charme Capital Partners is the manager of the Charme Funds. Charme is backed by a unique combination of institutional LPs and prominent global industrialists. Since inception, the Charme Funds have raised over €1.8bn and invested with a pan-European approach in companies with strong growth and internationalisation prospects. Charme Capital Partners is headquartered in London, the United Kingdom, Madrid, Spain and Milan, Italy.

Healthcare

Prism Healthcare, owned by Limerston, sale to Charme