Mills Selig was delighted to advise long standing clients, the management of Hospital Services Group Limited in their sale to Swedish based, Asker Healthcare Group, a leading provider of medical products and solutions across Europe.
Mills Selig were also instructed on behalf of Foresight Group (Foresight) a leading listed private equity and infrastructure investment manager, who exited after first investing in the company in 2015, delivering returns between 2.5x and 8.5x across Foresight’s four invested funds.
Hospital Services Limited (HSL) is a market leading provider of hospital equipment across the island of Ireland and Great Britain, in addition to supplying market leading technologies and solutions to their customers, HSL’s team provides on-going technical and clinical support to the end-user of their products.
Mills Selig was lead legal advisor on all parts of this transaction, which was led by Darren Marley, Partner within Mills Selig’s Corporate team – assisting Darren from within this team was Associate Solicitor, Emma McCloskey. The transaction also required input from Mills Selig’s other departments, including the employment team, led by Kiera Lee (Partner) assisted by Andrew Edwards (Senior Associate) and their Commercial Property team led by Anna-Marie McAlinden (Partner) and assisted by Jayne Paterson (Associate Solicitor).
This transaction demonstrates the firm’s expertise in handling complex, market sensitive and high value investment exits. This deal highlighted the team’s attention to detail, depth of knowledge, understanding of their client’s requirements, technical expertise and commercial awareness. We are proud to have been an integral part in our client’s growth journey and eventual exit, providing expert advice and comprehensive support to meet every aspect of our clients’ legal needs.
Darren Marley, Partner, Corporate at Mills Selig, commented:
“We are delighted to have advised Foresight Group and the management team of Hospital Services Limited (HSL) on their sale to Asker Healthcare Group – a great transaction to advise on having worked closely with the HSL management team of Dominic, Graham and Alan over the last 5 years and watched their growth plans develop and succeed – this is an exciting step for HSL and we look forward to seeing what the future holds for all involved”
Click to read more about the transaction:
- Foresight extends strong track record in healthcare with up to 8.5x returns as it exits Hospital Services Ltd after a transformational period of growth
- New owner for medical products distributor – Foresight exits after period of expansion
- Asker Healthcare acquires HSL from Foresight
Click to learn more about Mills Selig’s range of corporate legal services: MillsSelig.com/Corporate
Darren Marley, Partner, Corporate
Darren specialises in both advisory and transactional work ranging from seed capital investments to advising buyer/sellers on M&A transactions.
He provides advice on corporate issues including sales and acquisitions of companies, equity investments, the restructuring of groups of companies and the provision of general corporate law advice to shareholders and directors.
T: 028 9044 5426
E: Darren.Marley@MillsSelig.com
W: https://millsselig.com/team/darren-marley/
Based in Belfast, Mills Selig’s expert legal team provides clear, concise and solution-focused advice to businesses and individuals. Make Mills Selig #YourLegalTeam
🔗 Meet Mills Selig’s team of Solicitors
🔗 Learn about Mills Selig’s Commercial Legal Services
#YourLegalTeam #Understanding #Expertise #Experience
