Swinburne Maddison LLP, one of the region’s leading law firms, has recently announced the completion of a key acquisition on behalf of healthcare client GBUK Ltd, a leading manufacturer and distributor of surgical and other medical devices. Swinburne Maddison’s corporate team, headed up by Martyn Tennant (pictured), was instrumental in GBUK’s purchase of the entire share capital of Quintal Healthcare for an undisclosed sum.
The acquisition of Quintal Healthcare Limited, which manufactures and distributes a range of seated and lateral transfer boards and a range of launderable, non-launderable and disposable glide sheets as well as patient turning equipment and handling belts, strategically reinforces GBUK’s Healthcare division by providing the group with an established base in a new and complementary market sector.
Swinburne Maddison undertook legal due diligence on behalf of GBUK and negotiated the principal share purchase agreement. The practice’s knowledge of both the client and companies operating within the healthcare market meant it was best placed to advise on this latest acquisition. According to Martyn Tennant, whilst the deal structure was relatively simple, the differences between the two businesses made negotiation of terms to ensure business continuity challenging.
He said, “I am delighted that we have been able to advise GBUK on an acquisition of this nature and support the client during an exciting time in its evolution. Understanding the client and its sector, coupled with our partner–led approach, ensured that we were able to provide cost effective due-diligence. Also, thanks to Swinburne Maddison’s depth of resource and experience, our commercial team was able respond quickly thereby ensuring a speedy conclusion. We look forward to working with GBUK further to support its continued success.”
Guy Mills, owner of GBUK added, "The acquisition of Quintal Healthcare is an important step for GBUK. Strategically it will reinforce our Healthcare division by providing us with a strong base in a new and complementary market segment. The advice and support we received from Swinburne Maddison was invaluable for ensuring a seamless acquisition process.”