2nd November 2020

MBO At Healthcare Staffing Firm

A healthcare staffing business has been acquired in a management buyout (MBO) backed by ABN Amro, providing an exit for private equity firm Key Capital Partners.

Hallam Medical deploys highly qualified nurses, largely advanced nurse practitioners, community care specialists and telephone triage clinical advisers.

KCP backed Hallam in April 2014 with a £3.3m pound investment, which was used to crystallise some of the value the founding shareholders had built and provide working capital to accelerate the growth of the business.

Hallam chief executive Deborah McCain said: “We have enjoyed a great relationship with the team at KCP. They have been supportive and encouraging throughout the time they were invested.

“Their market knowledge and business insight has been invaluable in helping us steer the business through a fast-changing market.”

KCP partner Philip Duquenoy added: “It has been a pleasure to work with Deborah, Alex Munro and the team during the last few years. The management team did an excellent job navigating rapidly changing market conditions and I wish them well for the future.”

The management team was advised by Kevin Davies and Declan Savage of BHP Corporate Finance. Legal advice was provided by Sean Fitzgerald of Ward Hadaway.

The deal represents the second successful exit for KCP in October 2020, following the sale of Sparta Global for a 7x return earlier in the month.