MML Capital in £31m MBO

As part of a management buyout, independent investment firm MML Capital Partners has acquired surgical facility provider Vanguard Healthcare Solutions for £31m.

MML backed Vanguard’s incumbent management team, led by Ian Gillespie and its founders, Andrew Allen and Gary King. All three will take a significant stake in the healthcare provider. Senior debt for the transaction was provided by HSBC and the management team was advised Robson Taylor and Osborne Clarke.

Founding partner at MML, Rory Brooks said: “It is clear senior lenders are being selective in their choice of deals and deal partners. This transaction demonstrates MML’s capacity to close deals even in stressed market conditions.”

Partner at MML, Ian Wallis will join the Vanguard Board, and the investment firm have committed to provide future funds for expansion. MML provides capital to businesses for expansion/acquisitions, recapitalisations and leveraged and management buy-outs. The firm has over £1bn invested across 11 countries.

Founded in 2002, Vanguard Healthcare Solutions is a UK-based company that is a mobile surgical operating theatre and diagnostic facility provider to public and private sector hospitals in the UK.