Rockworth Management Partners has advised on the sale of Bush & Company Rehabilitation Ltd, a leading UK provider of expert witness, immediate needs assessment and case management services, to NAHL Group Plc. NAHL is the leading UK consumer marketing business focused on the UK legal services market.
NAHL has agreed to acquire all the issued share capital of Bush & Company for a total cash consideration of around £28.3 million on the basis that the business has free cash of at least £3.3 million at completion.
Bush & Company’s clients include injured people, solicitors and insurance companies acting in catastrophic and serious injury cases. It specialises in undertaking assessments following accidents that result in disabilities such as spinal cord injuries, acquired brain injuries, amputation, orthopaedic injuries and visual impairment. The company also provides assessment and case management services to clients who have conditions arising from medical negligence such as cerebral palsy and abdominal and orthopaedic injuries, and a range of vocational rehabilitation services to enable an injured person to address any barriers to returning to work or education.
The acquisition is in-line with NAHL’s strategy of seeking out acquisitions in the legal services markets which will create good opportunities for NAHL to access a new market within consumer legal services and broaden its portfolio.
Bush & Company’s existing management team will remain with the business post completion.
Rockworth acted as Lead Advisor to the shareholders of Bush & Company, working closely with Rachel Bush, Managing Director, and Dominic Riley, Chairman, throughout the process. We also worked alongside corporate partner, Will Axtell, of Penningtons Manches solicitors.
“As a family owned business it was extremely important to us that we had an advisor who took real care and attention to the detail of our business which is in a niche market. Lawrence Price and his team demonstrated real commitment to the deal, both in researching appropriate potential acquirers and following this through in a diligent and extremely supportive manner. I know that without Lawrence and his team we wouldn’t have achieved the successful outcome that we did.”
Rachel Bush, Managing Director, Bush & Company Rehabilitation Limited