Shoosmiths has advised long-term client August Equity LLP on the acquisition of Anglia Retirement Homes Ltd.
Anglia Retirement Homes was acquired by Ravelstone Care Homes Ltd - a company backed by August Equity Partners III and their new management team - for an undisclosed sum.
The national law firm's team was led by private equity specialist partner, Emma Gibson with assistance from corporate specialist, associate Nina Smith.
Specialists from Shoosmiths' commercial real estate team which includes planning and construction, provided advice on the property elements of the deal.
The acquisitions will create a South of England focused high-quality, asset-backed, private pay, residential and nursing care homes group for patients with dementia.
Gibson said: "We've enjoyed working with Aatif and his team for several years; it's been wonderful to have been involved with the ongoing growth of this firm.
"This particular transaction involved a large freehold property element; because of the well established relationship we have with our client, we were able to recommend and engage the expertise of our very capable planning, construction and real estate teams.
"As a result of our private equity experience and the firm's real estate offering, we were then able to simultaneously complete both the equity investment from August and their new management team into the newly created dementia care platform of companies, with the acquisition of the care home itself, providing a much smoother service for our client."
August Equity's Aatif Hassan added: "Emma and the Shoosmiths team have taken the time to actively listen to us to get to know our business and its needs; they're more like an extension of our firm, which is a huge advantage for us when it comes to finding the best solutions to take the business forward.
"We're delighted to complete this off-market transaction. We have considerable experience in the care home market and are backing an exceptionally strong management team to deliver the roll out of this specialised dementia care homes group.
"Our pipeline for new sites and opportunities is strong. The dementia market is expected to nearly double every 20 years and groups with specialized dementia facilities are well-positioned to capatilse on this growth."
Shoosmiths' corporate team has enjoyed a very successful year to date. It recently advised on the £15.9m management buy-out of leading online wine retailer Virgin Wines. The team continues to expand with the recent appointment of banking partner Linda Williams from Osborne Clarke.