Trowers & Hamlins advises The Prospects Group on acquisition of children’s homes business from G4S
International law firm Trowers & Hamlins LLP has advised employee-owned education, employment, training and care provider, Prospects on their acquisition of UK children’s homes business ‘homes2inspire’ from G4S for £11.4 million.
The homes2inspire business provides tailored education programmes, training and care services to more than 80 young people in 18 homes across the Midlands as part of a number of contractual agreements with local authorities.
As part of the transaction, all employees including senior management in homes2inspire will transfer to the Prospects Group. Trowers & Hamlins Partner Nick Harrisingh [picture attached] who led the legal team on the acquisition said:
"It has been extremely rewarding to work on this acquisition for The Prospects Group for the expansion of services to support vulnerable young people and children across England. The transaction will provide a great platform for the business to grow and flourish, and we look forward to our continued work with Prospects and its future business plans."
Prospects Group Chief Executive, Nick Bell said:
“Our purpose in Prospects is to inspire people to develop their full potential. We are delighted to have acquired the homes2inspire business and see this as a core part of our growth strategy to support more young people every year. homes2inspire will give us a basis for further development in the social care market and we look forward to working with all of our new colleagues.”
Nick was supported by Daniel Smith, Georgina Savill-James, Melanie List and Helen Fysh as part of the wider legal team at Trowers & Hamlins.