Advising shareholders and management on Ethos Partners buyout of Bray Group

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Gateley Legal

We have successfully advised the shareholders and management team on Ethos Partners’ investment in leading healthcare manufacturer and supplier Bray Group.

Ethos Partners, one of Europe’s most active lower mid-market investors, has acquired the entire issued share capital of Bray Group. The transaction, which is also being backed by investment manager Triple Point, will support the business in its ambitious plans to expand its product lines and client base in the UK and internationally.

Oxfordshire-based Bray Group operates through three established industry brands – Avoca, Portia, and Bray Healthcare – focused on skin and wound treatments and women’s health. The Group’s customers include national health services, hospitals, clinics, wholesalers, distributors, retail pharmacies and medical practitioners across 35 international markets, including the UK, Canada, Australia, France, Poland and the Middle East.

Our corporate team advising shareholders Randal Pakeman and Nicholas Jones and the new management team led by CEO Sally Naunton was led by partners Adam Percival and Victoria Elliott, supported by a nine strong legal team spanning our Birmingham, Nottingham and Manchester offices.

Randal Pakeman, commented: “I was very impressed with the professional and timely manner in which the transaction was conducted by the Gateley team.”

Sally Naunton, CEO of Bray Group said: “We are delighted to be backed by Ethos and believe that our collective ambition and enthusiasm for Bray will result in an exciting future for our company. Our commitment to shining the spotlight on uncomplicated healthcare and connecting patients and clinicians with intuitive products remains unwavering. We felt fully supported by our advisers, Gateley Legal. Their impressive depth of expertise, commercial approach and responsiveness was critical in ensuring a successful outcome for all stakeholders. We are delighted with the result and grateful for the support Adam, Victoria and their entire team provided us.”

Adam Percival commented: “We are pleased to have advised the shareholders and management team which will accelerate the further growth of the business and open up new income streams on a global level.”

Victoria Elliott added: “This transaction underscores our expertise and reputation as the go-to advisers for businesses seeking private equity investment.”

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