RCI Group

Park Place advised RCI Group, a portfolio company of Literacy Capital plc, on the significant acquisition of Prometheus (consisting of Prometheus Safe & Secure and Prometheus Complex Care).

RCI Group is a group of companies set up in 2018 to bring together businesses which aim to improve people’s lives. When people hit a crisis point in their lives, they can fall through the gaps between services – businesses in the Group innovate to fill those gaps and support people at the time they need it the most. The transaction represents the fifth acquisition for RCI Group since Literacy Capital plc completed its original investment in Mountain Healthcare in September 2018.

Prometheus provides secure transportation and specialist observation services for individuals with mental health needs. The company’s team of Registered Mental Health Nurses and Healthcare Assistants ensure patients receive the specialist care they require, thus reducing the burden for Prometheus’ clients.

Park Place provided buyside support to RCI, acting as the primary point of contact with the Sellers and their advisors, providing commercial input and helping to deliver an efficient completion process.

Ben Peacock, Partner at Park Place, said: “We are delighted to have supported the RCI team on its latest acquisition. Prometheus is highly complementary to RCI’s existing business and the combination of the two businesses can bring significant opportunities to both parties.”

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