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Rix & Kay’s corporate deal shortlisted for prestigious Insider Dealmakers award

23rd December 2019

One of Rix & Kay’s largest corporate deals of 2019, the sale of Independence Homes Ltd to The Montreux Healthcare Fund, has been shortlisted for Private equity/Venture Capital Deal of the Year. The shortlisting is one of a series announced by Insider Media ahead of their forthcoming South East Dealmaker Awards, taking place at the Copthorne Hotel, Effingham Park on 6 February 2020.

The awards event is one of the most prestigious on the calendar and sees the region’s most respected professional advisory firms gather to celebrate their achievements over the last 12 months.

All of the award categories are subject to a robust judging process, with an independent panel of expert judges scrutinising all the entry submissions, deliberating over them and determining the shortlists and the eventual winners.

Rix & Kay completed the sale of Independence Homes Ltd to The Montreux Healthcare Fund in January 2019, in a deal that added £7.25m EBITDA to Montreux’s platform asset, Active Assistance. The sale transformed the shape of the acquiring business by adding c.£60m of freehold property to Active’s balance sheet.

The deal was the first in a number of outstanding corporate transactions completed by Rix & Kay’s corporate team during 2019 that also included the sale of Fairalls (Builders’ Merchants) to Cairngorm Capital Partners which completed in July. The latter was named ‘Deal of the Month’ by Insider Media and created the largest independent builders’ merchant group in the South East.

Kathryn Paisley, Partner and Head of Rix & Kay’s corporate team commented,

“We are delighted to see one of our deals shortlisted for these prestigious awards. Gaining recognition for our work from industry experts and our peers is always rewarding. I think it speaks volumes about the strength of our team and the size and quality of the deals we continue to advise on. Our reputation as a firm that punches above its weight is shifting to one that has real credibility as an alternative to the larger regional corporate firms.”

You can read more about the South East Dealmakers Awards here