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Delos Community sold to Creative Support 

Northampton based Delos Community provide services for the well-being of people with learning difficulties. The majority shareholder and founder, Jeanne Steinhardt, was in her 70s and wanted to explore her options for retirement. One of her main concerns was to make sure the company was acquired by an organisation able to continue its valuable service and offer opportunities for growth. Jeanne met with our consultants at the ‘Buying and Selling Private Companies’ conference at the Institute of Directors and instructed Avondale to market the business for sale shortly after.

Using Avondale’s previous experience and track record within the Healthcare sector, initial preparations were made with the Local Authorities to model the business for sale. Avondale primarily targeted trade organisations, but also applied lateral, creative thinking to attract Not for Profit organisations as they would place a higher value on the strong service levels.   Prospective purchasers were vetted and three suitable contenders were identified. A competitive environment was created resulting in the optimum deal value and structure. 

The winning bid was submitted by Creative Support with the majority of cash on completion and a small deferred payment. They acquired Delos to grow and extend their service offering. With both parties sharing the same ethos and commitment the Delos staff were retained. 

“I am delighted with the sale and believe that Creative Support Ltd are best positioned to take Delos to the next stage of development whilst continuing to offer a high level of service to the community.”
Jeanne Steinhardt, founder, Delos Community.

To talk to Avondale about your objectives, call 01737 234892 or email iod@avondale.co.uk

 

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