Seven-figure MBO is completed

Clive Henry Group - a group of businesses operating across healthcare recruitment, consultancy and technology - has undergone a seven-figure management buyout (MBO) backed by Praetura Commercial Finance.

The buyout has been led by Liam Molesworth and Sam Alsop-Hall, who have been with the company since it was founded.  

Clive Henry Group consists of three companies: Mprove is a healthcare consultancy business; Woodrow Mercer Healthcare is a recruitment business operating in the healthcare sector; and Tech Canal is a digital healthcare solutions provider.

Liam and Sam, founders of Clive Henry Group, said: "We are delighted to have taken full control of the Clive Henry Group, a business named in memory of our late grandfathers, and look forward to building on the success of the last few years.

"We believe the healthcare sector has some unique challenges we are well-equipped to overcome. It's exciting to think about the industry's potential for growth and innovation, and we can't wait to see where our business can go as we tackle these challenges head-on."

Katherine Broadhurst, corporate finance partner at Azets, who advised the buyers on the deal said: “Seeing businesses thrive against the current economic background is incredibly inspiring, and Clive Henry Group has strong foundations for a very exciting future.”

Liam and Sam were advised by corporate finance partner Hugh Strickland and senior associate solicitor Zoe Lloyd, both of Aaron & Partners.

Hugh said: “We are pleased to have been able to support Liam and Sam during this buyout process and assist them in realising their vision of taking full control of the Clive Henry Group. They have high aspirations for the business, and we look forward to seeing its development over the coming years.”

Mark Raven will be stepping down as finance director after selling his shareholding alongside two other shareholders, Dan Ostrowski and Andrew Heggie.

Hugh Strickland and Zoe Lloyd, from Aaron & Partners, with support from corporate finance partner Katherine Broadhurst from Azets, advised the buyers.

Peter Williams and Fraser Pirie advised the selling shareholders at UHY Hacker Young. James Down and Olivia Jones at Hill Dickinson provided legal advice.

Funding for the transaction was provided by Praetura Commercial Finance, led by Stuart Bates and Adam Hooson, with guidance from Grant Thornton and Addleshaw Goddard.

Pictured:  Liam Molesworth and Sam Alsop-Hall