Blake Morgan advises Bestport on a healthy investment
Blake Morgan is delighted to have advised Bestport Private Equity on its acquisition of a majority stake in Sano Physiotherapy.
Led by Mark Hepworth, Richard Jones and Jasmin Taylor from Corporate, with Paul Duggan and Rhian Davies from Banking, the team supported Bestport as they completed the deal, which leveraged the private equity firm’s experience within the healthcare sector.
The investment enables Sano to scale its buy-and-build strategy – it currently operates 43 clinics providing physiotherapy and ergonomic services to clients including the NHS, private patients and corporate customers.
Bestport provides private equity to established, fast growing, cash-generative UK companies valued between £3m and £40m to support their organic growth.
It has completed more than 50 investments in the UK lower-mid market and is particularly active in the healthcare services, technology, education and business services markets.
Commenting on the deal, Partner Mark Hepworth said:
This investment perfectly aligns with Bestport’s growth strategy, and we are delighted for Sano Physiotherapy and its 100-plus employees as it moves into this next stage of growth.