Corporate & Finance News
Derby law firm Flint Bishop has advised residential care company Inspiring the Next Generation Ltd on its merger with the child services division of Rushcliffe Care.
The merger has created the Esland Group, which stands for Eat Sleep Learn Achieve Nurture Dream. It specialises in caring for and educating young people with emotional, behavioural and learning difficulties.
The merger was very important as whilst Inspiring the Next Generation Ltd (which traded as Turnaround Care) had excellent residential and educational facilities, it was facing operational challenges that were restricting its growth.
The child services division of Rushcliffe Care’s child services division (which traded as Boutlers) was in a similar position so the merger made perfect sense, creating one stronger organisation with greater opportunity for development.
Ran Oren, Head of corporate finance at Flint Bishop says: “The deal exchanged almost a year prior to completion. We therefore had to balance the need to tie the parties in with the flexibility required when negotiating deal documents a year in advance of completion.
“This is one of a number of deals we are working on in this sector and demonstrates our expertise and reputation in getting deals done.”
John Stamp, Chief Executive Officer of Esland Group says: “Ran Oren and his team at Flint Bishop have worked closely with me on this merger, supporting right from initial conversations between both parties to advice post deal.
“I expect sound advice and strong analytical skills as a given from any law firm; Ran and his team also happen to be great people to work with, which is why they’ll be with us as we grow and develop Esland Group.”
For more information on Flint Bishop’s corporate finance legal services call Ran Oren on 01332 340 211