Healys advised Michild Limited on the acquisition of a Manchester based child day-care nursery Hazeledge Limited.
In addition to the acquisition, the Healys team advised on a complex post completion investment arrangement and a further restructuring of the Michild group.
The Healys team on the acquisition was led by Head of Corporate, Andrew Williamson, and included Charlie Pattihis, Corporate Associate, and Martin John, Corporate Partner, along with members of the Commercial Property team.
Commenting on the completion of the deal, Joel Selvadaurai, Director of Michild Limited said: “Healys provided competent, commercial, efficient and innovative advice at every step of the way. This has allowed us to close a transaction which was fraught with difficulties. We have also, in parallel and with Healys’ support, been able to close a £3.5m acquisition financing facility. This involved an urgent reorganisation of the group structure to accommodate the new lender. We look forward to working with Andrew, Charlie and the team on our acquisition pipeline at speed.”