Redwoods Dowling Kerr sell leading domiciliary care provider in Scotland.
Being widely recognised as the leading provider of domiciliary care services throughout the regions in which the business operates, Rainbow Services (UK) Ltd, prides itself on providing a supportive service that champions choice, freedom and independence for those it cares for. This client focused approach has allowed the business to cultivate an outstanding reputation with local authorities and within the sector, allowing it to enjoy an impressive annual income in the region on £6m in the year ending March 2019.
Rainbow Care Services is an award winning, Scottish domiciliary care business operating in South Ayrshire, Dumfries & Galloway, East Ayrshire, North Ayrshire and Falkirk.
The business provides nearing 8000 care hours per week delivering a bespoke package of care that is individual and culturally appropriate to each person, allowing them to satisfy the needs of a broad range of clients encompassing children, young persons and adults.
After being put on the market with Redwoods Dowling Kerr due to the Vendor’s wish to retire, the business received 4 offers on the back of several meetings, with the successful bid being made by corporate healthcare providers, Grosvenor Health & Social Care. Established within the sector for over 20 years, Grosvenor say their attraction to the business was due to its standing within the Scottish demographic and plan to capitalise upon this by further expanding their profile within the region whilst upholding the highest quality of care.
Delighted with the proceedings of the sale, Vendors Mrs Alice Abbott & Miss Sara Abbott
“I would like to thank Redwoods Dowling Kerr and Sam Fazackerley for his hard work and persistence throughout the whole process. Sam helped and brokered the sale from start to finish in a professional and sensitive manner. I was delighted with Sam’s conduct during the sale, he is a credit to the company and I would not hesitate to recommend RDK in the future”
Ravi Bains, CEO of Grosvenor health & Social Care stated;
“We are extremely proud and delighted to have acquired such a business that shares our family values and quality ethos. Alice and Sara have built a tremendous Care at Home business and I thank them for entrusting us with looking after staff and service users going forward.”
Darren Stapelberg Managing Director of Grosvenor health & Social Care added;
“This acquisition gives Grosvenor HSC a major presence in Scotland and further cements Grosvenor as one of the leading providers of care services in the UK. We are excited at the additional opportunities that this will give us going forward. The aim is to develop and expand both the service throughout Scotland and to further improve the quality of the existing businesses in our Group.”
Giving an insight into the sale Lead Negotiator of the sale Sam Fazackerley commented;
“Following on from a confidential marketing campaign, I am delighted to have assisted Mrs Abbott & Miss Abbott, the vendors of Rainbow Services (UK) Ltd, in securing a strong purchaser in Grosvenor Health & Social Care Ltd. Grosvenor HS have a substantial presence within the domiciliary care sector and already provide care to in excess of 10,000 clients on a weekly basis nationwide. They purchase Rainbow Services to help expand heavily into the Scottish market alongside their current Scottish division, and plan to continue to work closely with Miss Abbott in their future plans. With both parties having considerable expertise in the sector, I am sure they will be successful in any new ventures in the foreseeable future.”
“Since coming to the market with Redwoods Dowling Kerr, Rainbow Services has gone from strength to strength and has grown significantly, both in their geographical areas covered and in turnover, which in turn, was reflected in substantial interest from several corporate operators.”
“Due the to the hard work and dedication of the vendors in expanding the business, we received multiple offers over different sale structures, the best of which, was successfully navigated across the line.”
“I wish both the vendors and Grosvenor all the best for the future and I know that we will be working closely alongside both parties again.”