South Yorkshire Healthcare Manufacturer Completes MBO Irwin Mitchell’s Banking Team Advises HSBC On The Deal 07.12.2018 David Shirt, Press Officer | 0161 838 3094 A Rotherham-based healthcare equipment manufacturer which supplies care homes and local authorities across the UK has completed an MBO with the support of Irwin Mitchell’s banking team. Harvest Healthcare manufactures, supplies and services active and static mattresses and cushions, profiling beds, and moving and handling equipment to care home groups, community care equipment stores, and hospitals, both direct and via a network of distributors. The MBO was led by director Neil Davis, who joined Harvest in early 2017. HSBC's Sheffield-based corporate team led by Chris Alsop, provided the acquisition finance on the transaction alongside working capital facilities. The bank was advised on the legal aspects of the transaction by Dean Gormley of Irwin Mitchell's Sheffield office. Financial due diligence was provided by Don Gray at BHP in Sheffield. Commenting on the deal, Neil Davis said: "I am proud and excited to have the opportunity to lead the long-term development of Harvest Healthcare and I am grateful to the professional team who have helped make this possible. We are determined to help more and more customers provide exceptional care to their residents and patients, whilst building fulfilling careers for our staff, and growth opportunities for our supply chain partners." Castle Square Corporate Finance, led by directors Kevan Shaw and Patrick Lynch, advised the management team, leading negotiations on transaction value as well as deal structure. Key contact Dean Gormley Partner +44 (0)779 556 1722 Email Dean Press contact David Shirt Press Officer 0161 838 3094 Email David Related articles 15.02.2019Speaking To Suppliers And Anticipating Customer Trends Are Crucial When No-Deal Brexit Planning 12.02.2019Arbuthnot Commercial ABL Completes £12m Refinancing For R7M 11.02.2019Brexit's Impact On Economy Will Be Less Than Financial Crisis, Says Report 08.02.2019Irwin Mitchell Dealmaker Named Corporate Lawyer of the Year 06.02.2019HANetf Completes Second Oversubscribed Fundraising 04.02.2019idverde Strengthens Presence In South West With KJT Group Purchase