Vernacare

We provided 2nd lien debt facilities to support the acquisition of Lancashire-based Synergy Health Healthcare Consumable Solutions (HCS) by North West medical products manufacturer Vernacare for an undisclosed sum.

Vernacare, a provider of single-use infection prevention systems for the healthcare sector, employs 180 people in the UK and overseas. Its products are used by more than 94% of NHS Trusts and sold to over 50 countries and HCS manufactures products for wound care and surgery, employing around 100 across its HQ and production facility in Chorley and a warehouse in Preston.  HCS will operate under the Vernacare brand going forwards.

In October 2015, Vernacare was backed by investment firm Palatine Private Equity as it embarked on a mission to grow its global footprint.

 

 

SectorHealthcare

LocationBolton, Greater Manchester

Deal typeAcquisition Funding

Deal dateNovember 2017

Deal amountUndisclosed

SponsorPalatine Private Equity

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Tosca Debt Capital LLP (“TDC”) is an Appointed Representative of Toscafund Asset Management LLP which is authorised and regulated by the Financial Conduct Authority (“FCA”) and registered with the U.S. Securities and Exchange Commission as an Investment Adviser. Tosca Debt Capital LLP is a company registered in England and Wales. Registered number: OC414014