UK law firm Shoosmiths and RSM, a leading provider of audit, tax and consulting services have successfully advised the shareholders of Talley Group Limited (Talley) on its sale to Direct Healthcare Group (DHG).
Hampshire-based Talley has successfully built and established a highly regarded brand, developing one of the leading dynamic alternating mattresses in Europe, that are vitally important care support surfaces for the prevention of pressure ulcers.
Talley has a strong heritage and history of innovation in the pressure area care (PAC) industry, having first incorporated in 1953. Talley’s products are dispersed in the UK via a distributor network and to over 30 NHS trusts and to 40 countries internationally.
RSM’s M&A and private equity team led on the deal, along with Shoosmiths’ partners Kiran Dhesi and Stephen Porter to support the shareholders through their decision to exit from their family business to focus on alternative business ventures.
Clodagh Tunney, partner at RSM said: “It has been a pleasure to work with Talley’s shareholders to achieve their exit ambitions in a tight timeframe. Healthcare is a key focus internationally and the current global pandemic has highlighted the importance of high-quality healthcare. Talley is a prime example of this and I am delighted to have found a great home for the business and deliver a great deal.”
Chris Evans, joint CEO and shareholder of Talley said: “The RSM and Shoosmiths teams provided expert advice throughout the transaction, ensuring that momentum was maintained to secure the deal. Their commitment and hard work ensured the timeline was met and a good home was found for the business.”
Kiran Dhesi, partner at Shoosmiths who acted for Talley’s shareholders said: “It was an honour to advise Chris and John Evans on the sale of Talley to DHG. Chris and John have built a strong brand in Talley, from a foundation started by their grandfather. It is a local manufacturing business that I am sure will continue to go from strength to strength under the ownership of DHG.”
Direct Healthcare Group (DHG) is a pan-European medical devices manufacturer and leader of innovative pressure care products, moving and handling equipment, specialist seating and bathroom safety solutions, that focus on mobility to enhance recovery, rehabilitation, and independence to achieve better health outcomes.
DHG is owned by healthcare focused private equity firm ArchiMed. The Group consists of a number of divisions, including Direct Healthcare Services (pressure area care), SystemRoMedic (safe moving & handling), Kirton (specialist seating), Linido (bathroom safety solutions), and Nightingale (rental & service solutions).
Financial terms are not being disclosed.
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This information is for educational purposes only and does not constitute legal advice. It is recommended that specific professional advice is sought before acting on any of the information given. © Shoosmiths LLP 2024.