Ashurst advises on acquisition of CareTech

Pursuant to the terms of the offer, CareTech shareholders will receive 750 pence per share, valuing the issued and to be issued share capital of CareTech at approximately £870 million.

CareTech is a public limited company incorporated in England and Wales whose shares are admitted to the AIM-market of the London Stock Exchange. CareTech is one of the UK's largest social care providers providing specialist care and services to children and adults, with a portfolio of 550 residential facilities and schools, across the UK.

The Ashurst team advising on this public to private and acting for Amalfi Bidco Limited is being led by partner and Global ChairKaren Davies, with fellow corporate partnersDavid CarterandBraeden Donnellyand assisted by senior corporate associatesSara HamzawiandJade MacDonald, and associates Alexandra Brogan, Aaron Koh, Ariella Moses, Christine Chang. Senior associateRebecca Servianassisted on the share incentives aspects. Finance partnersTim RennieandHelen Burtonalso advised with assistance from senior associatesSarah CurryandConnor Lovie. Competition partnerNigel Parr, senior associateChristopher Eberhardtand associate Victoria Beswick advised on competition aspects. Tax partnerNicholas Gardenerand associate Luis De Freitas assisted on tax aspects.