Medicals Direct Group
Deal Summary
Catalyst advised the shareholders of Medicals Direct Group (MDG) on the £15 million sale to Capita plc.
MDG is the UK's pre-eminent provider of outsourced medical screening services for UK life insurers, with 180 employees across 6 offices.
Catalyst worked with the MDG shareholders over a 12 month period, advising on the separation of Medicals Direct Group into separate divisions, culminating in the sale of three businesses to three different buyers.
This featured detailed work to split the financial performance of the various entities, followed by selective marketing of the business to strategic acquirers of each of the relevant business units.
The majority of the Group’s activities have been sold to Capita.
What difference did we make?
Catalyst has an in-depth knowledge of the healthcare sector having advised several businesses in this sector already in 2012. This meant that we were uniquely positioned to identify buyers for each of the relevant business units and highlight the attractive features of the operations.
We also utilised comprehensive insight into Capita’s acquisition strategy to maximise value for the shareholders. Having sold 3 businesses to Capita in the last 3 years, we had significant intelligence regarding their strategic drivers and internal approval processes.
Our knowledge of the manner in which the buyer views potential acquisition targets, combined with our understanding of its transaction process, was critical in ensuring a successful outcome for the shareholders.
What our client said
"The nature of this transaction evolved hugely from the expected scope at the outset. The Catalyst team all worked incredibly hard and did a fantastic job. I look forward to the opportunity to work with Catalyst again."
Anne Moss
Growth and Acquisition Finance, Investec Bank plc
