Key exit Hallam Medical
Key has successfully exited Hallam Medical through a management buy-out backed by ABN Amro, delivering a healthy return for investors.
We have enjoyed a great relationship with the team at Key. They have been supportive and encouraging throughout the time they were invested. Their market knowledge and business insight has been invaluable in helping us steer the business through a fast-changing market.
Sheffield-based Hallam Medical is a healthcare staffing business which deploys highly qualified nurses, largely Advanced Nurse Practitioners, Community Care Specialists and Telephone Triage Clinical Advisors.
Key backed Hallam in April 2014 with a £3.3 million pound investment, which was used to crystallise some of the value the founding shareholders had built and provide working capital to accelerate the growth of the business.
This is the second successful exit for Key in October 2020, following the sale of Sparta Global for a 7x return earlier in the month.
The management team were advised by Kevin Davies and Declan Savage of BHP Corporate Finance. Legal advice was provided by Sean Fitzgerald of Ward Hadaway.
It has been a pleasure to work with Deborah, Alex Munro and the team during the last few years. The management team did an excellent job navigating rapidly changing market conditions and I wish them well for the future.