PM+M is pleased to have acted on behalf of Advanced Child Care Assessments Limited (ACCA) which has been acquired by Chorley-headquartered portfolio management specialist Handl Group.
ACCA, which was established in 2005 and is based in Burnley, is a provider of independent social work investigation and assessments within court proceedings. Following the deal, ACCA will remain an autonomous company within the Handl Group.
PM+M’s deal team (which was led by partner Jim Akrill), was engaged by Mark Webb, founder of ACCA, to market the company and find a buyer. We also provided lead advice on the negotiations around price and key terms as well as on financial and tax terms in the sale and purchase agreement.
Hill Dickinson advised ACCA on all legal matters.
Jim Akrill said: “ACCA is a high-quality business providing a valuable service on behalf of vulnerable children. This strategic sale will enable the company to further develop its offering working together with a stable of similar businesses within the Handl Group.”
Ian Riggs, partner in the corporate team at Hill Dickinson, commented: ““It was a pleasure to work with Mark and help him achieve the sale of ACCA to Handl Group and we wish the parties well for the future.”
Mark Webb added: “We provide excellence in the work that we do and strive for the very best possible outcome in every case. Handl Group aligns entirely with our beliefs, goals and aspirations. We also have synergy with a number of brands within the existing Handl portfolio. Therefore, Handl Group was the obvious choice to move our business to the next level and beyond.”
We would like to thank all those involved for their help in finalising the sale and wish Mark, ACCA and Handl Group all the best for the future.