A global magazine respected for its leading coverage of corporate finance news, Acquisition International’s annual awards celebrate excellence across the business, legal, financial and investment communities.
£3.5m private equity investment for Bourn Hall
PEMCF supported Bourn Biosciences, the parent company of Bourn Hall, in planning a strategy for growth and raising finance for geographical expansion.
The first IVF clinic in the world, Bourn Hall currently boasts three full service IVF clinics in Cambridge, Colchester and Norwich. The recent funding will support the company’s plans for acquisition and partnership with existing IVF providers, and the development of new full service fertility centres and satellite clinics by 2015.
PEMCF was able to raise an initial £3.5 million investment from Mobeus Equity Partners, with the promise of significant follow-on finance.
“There was strong interest from a number of potential investors, and some other recent private equity activity in the sector,” Lake commented. “As such we were able to interact with a controlled number of potential investors and work with the Bourn Hall team to select the right one.”
PEMCF has a long standing relationship with Bourn Hall, having advised on the original management buyout of the business from Serono, and its subsequent acquisition of ISIS fertility in 2009.
“It has been a pleasure to work the Bourn Hall team once again, and to aid the growth of this well-renowned company,” said Lake Falconer, Partner at PEM Corporate Finance.
A winning start to PEMCF’s tenth year
PEMCF’s acceptance of this award comes in the firm’s tenth year, which has already seen seven completed deals from the team. Established in 2004 by Lake, PEMCF is enjoying continued success and expansion, including the recent addition of Business Valuation Services to its offering. The firm is also looking to expand its team in line with recent growth.
This award from Acquisition International, which comes not long after PEMCF received Finance Monthly’s ‘Deal Maker of the Year’ Award in 2013, recognises the firm’s track record of consistently delivering the best advice and deals to it clients.
PEMCF is part of Peters Elworthy & Moore a full service, award winning accounting and tax practice with 12 partners and over 140 staff also based in Cambridge. PEMCF works primarily with owner managed businesses in East Anglia, the Home Counties and London, advising on all aspects of corporate finance transactions, from mergers and acquisitions (M&A) and company sales to management buy-outs (MBOs).
*******
For further information please contact Peggy McGregor on 01223 728280 or peggy@pemcf.com, or visit www.pemcf.com.
_____________________________________