Wellspring Capital Management Acquires Caring Brands International - Seite 2

Alexander Carles, Co-President of Wellspring Capital, added:

"We are thrilled to add CBI to the Wellspring portfolio. CBI is a perfect fit with our history of investing in care in and around the home and we are excited to support the next phase of growth for the Company and its market-facing brands."

Financing for this transaction was provided by Adams Street Partners, Blackrock, Madison Capital and AEA Investors. McDermott Will & Emery LLP served as legal counsel and Houlihan Lokey served as financial advisor to Wellspring. Lincoln International served as financial advisor, and Kirkland & Ellis LLP served as legal counsel to CBI with respect to the transaction.

About Caring Brands International
Caring Brands International (CBI) is the largest franchisor of home healthcare services globally with more than 550 locations around the world. CBI offers franchises under three brands: Interim HealthCare (United States and Saudi Arabia), Bluebird Care (United Kingdom and Republic of Ireland) and Just Better Care (Australia). CBI's branches and franchisees offer individuals and strategic partners a full continuum of care including skilled nursing, assistance with daily living activities and end-of-life hospice care.   

About Wellspring Capital Management
Wellspring Capital Management is a leading private equity firm headquartered in New York. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. In total, Wellspring's current portfolio companies employ nearly 60,000 people around the world and generated aggregate revenues in excess of approximately $4.5 billion in the last 12 months.¹ Over the past 25 years, Wellspring has invested in over 45 platform investments across various segments of the U.S. and global economies. Wellspring's objective is to bring partnership, experience and value creation to each investment. By teaming up with strong management, Wellspring seeks to unlock underlying value and pursue new growth opportunities through strategic initiatives, operating improvements and add-on acquisitions. The firm functions as a strategic partner, providing management teams with top-line support, M&A experience, financial expertise and access to resources. For additional information, please visit www.wellspringcapital.com.