Transform Hospital Group acquired by Y1 Capital
Robert Moran, Iain Reilly and Hugh Rothwell of the PwC Restructuring M&A team have advised on the successful sale of Transform Hospital Group Ltd ("THG" or "the company"), the UK’s leading provider of cosmetic and weight loss surgery, to Y1 Capital.
Existing Private Equity owners, Aurelius ETA UK Investments Limited have fully exited their stake as part of the deal.
Following a competitive sale process, the private equity-healthcare specialist Y1 Capital has been identified as the buyer best suited to take the business forward and unlock the company’s full potential. Y1 Capital owns a portfolio of trading healthcare businesses across the UK and Europe and is led by Sayani Sainudeen and Tony Veverka, the former THG CEO.
Transform Hospital Group is a broad-based healthcare group and the UK’s leading provider of cosmetic and weight loss surgery, delivering c.£50m in revenue per annum. The company comprises a network of 2 hospitals, 11 consultation and non-surgical treatment clinics across the UK. Over recent years, the company has further developed its brand and product offerings, growing its business to business revenue stream (including NHS work), and shifting away from a business that solely provides cosmetic surgery directly to individuals.
Gerhard Engleder, Vice President at AURELIUS, commented:
“The last few years have been exceptionally challenging – especially in the healthcare sector. During the COVID-crisis, the THG team made an enormously valuable contribution to safeguarding access to healthcare in the UK, whilst supporting the NHS. Our thanks goes to all involved at THG, for their ongoing efforts. Under the ownership of Y1 Capital, AURELIUS looks forward to seeing THG thrive, utilising the synergies with Signature Medical. We thank PwC for efficiently managing the sales process."
Robert Moran, Partner, Restructuring M&A commented:
“We are delighted to have completed the sale of Transform Hospital Group to Y1 Capital, the private equity-healthcare specialist. Sayani and Tony will be able to bring their wealth of experience to support the business and help it reach its full potential. This transaction provides a great example of PwC’s ability to work quickly and achieve the best possible outcome for all stakeholders.”
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