Grant Thornton UK LLP’s award-winning Wales and South West corporate finance team has led the sale of leading supported living provider PoC to Mysa Care.
Based in Ystrad Mynach, South Wales, PoC was founded in 2003 by Janine and Scott Darling, who have dedicated themselves to creating a best-in-class supported living business with a team of 250 full-time employees supporting over 100 service users. Janine Darling will continue in a full-time developmental and transitional role to grow the PoC offering under its new owners.
Mysa Care, which is backed by investment group Downing LLP, is a quality focused care operator with homes across the South East of England, headed by CEO, Chris Breen.
Financial terms are not disclosed.
Janine Darling said: “Our priority in selling the business was to ensure that our residents continue to receive the highest levels of care. With Mysa Care we have found an excellent new owner that shares our values and passion for what we do.”
Scott Darling added “We are grateful to Jamie and all the team at Grant Thornton, whose market knowledge and assured handling of the transaction was first class.”
Leading the deal on behalf of the vendors, Jamie Roberts, Corporate Finance Director at Grant Thornton in Cardiff added: “Janine and Scott were seeking a true custodian for the business they have worked so hard to build. The PoC brand is an extremely strong one and the founders’ commitment to service users and their people is second to none. This landmark supported living transaction represents an excellent outcome for all parties and a high-quality addition to the Mysa Care brand.”
The Grant Thornton corporate finance team was led by Jamie Roberts and included Andrew Charter, Thomas Bew, Elisabeth Lubin, and Anna Davies. Tax advice to the vendors was provided by Richard Marsh and Hannah Jones (Grant Thornton).
PoC’s shareholders were also advised by law firm Hugh James (led by Corporate Partner Greg Williams, supported by James Guile, Matthew Detheridge, and Rhiannon Davis).