Clearwater International advises on the sale of Vernacare to Palatine Private Equity

Vernacare-logo

Clearwater Advisor

Vernacare, a leading infection control organisation, has been sold to Palatine Private Equity. Clearwater International advised the shareholders on the sale.

Based in Bolton, Vernacare employs over 200 staff across the UK and North America and sells to a varied customer base in more than 50 countries worldwide.

The company manufactures and supplies a range of products including the Vernacare system, which is the most widely adopted single-use disposable system in the UK healthcare market. It is comprised of moulded fibre containers used for toileting, washing, bathing and caring for patients throughout their stay, in addition to Vortex disposal units that hygienically dispose of the containers and contents.

Vernacare is the market leader in the UK, supplying to 260 NHS Hospital Trusts, and has an established presence in the rest of Europe, Canada, Australia, and the Far East. The company is currently pursuing further international growth opportunities and has recently signed an agreement with a leading healthcare provider in China as part of the Chancellor’s recent trade visit.

The deal sees Palatine take a majority share in Vernacare. The firm will work with the management team which is led by CEO Matt Miller and CFO Paul Wright.

Clearwater International managing partner Phil Burns, directors Ramesh Jassal and Nick Horrocks and associate director Chiara Pettinicchio advised the Vernacare shareholders on the sale.

“The Vernacare system has tremendous benefits to both patients and carers. Not only is it an environmentally friendly solution, it also helps to reduce the risk of cross infection when caring for bed bound patients – an issue which has gained increasing prominence across the world in recent years. Working with Palatine will enable us to continue the development of our global footprint and placement of our products in high quality healthcare facilities worldwide.”

Matt Miller, CEO at Vernacare

“Vernacare has been an expert in its sector for over 50 years and has continued to innovate and provide market-leading solutions; Palatine will be an excellent partner for the business as it looks to increase its international client base.”

Phil Burns, Managing Partner at Clearwater International