Park Place Corporate Finance

Independent advice for the independently minded

Whitwood Care

£N/D Sale

Whitwood Care

Whitwood Care is a developer and operator of care homes for adults with learning disabilities who present with high level challenging behaviour, including autistic spectrum disorders and Asperger’s syndrome. The business has 3 care homes in Castleford, West Yorkshire with a total of 48 beds.

The business was founded in 1996 by Michael Wheatley, who, as he was approaching retirement age, was keen to realise his investment in the business. PPCF was appointed as lead advisor to Michael Wheatley on the disposal of the business and approached a large pool of potential buyers including publicly quoted, private equity backed and privately owned care businesses. Through initial discussions with potential buyers PPCF identified a shortlist of interested parties who, despite the challenges facing the care sector, were capable of transacting. Following the provision of targeted information, offers were received and Care UK, formerly a listed business and now backed by private equity firm Bridgepoint, was identified as the preferred buyer. PPCF focused on establishing value at an acceptable level for the vendors and then, through a deep understanding of the business, ensuring that value was defended through the due diligence process.

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