Stockport-based Gorvins Solicitors has acted for the sellers on the sale of family-owned business Millercare to its management in order to support ambitious expansion plans.
Established in 1952, Millercare Limited provides a wide range of mobility products and associated services to consumers, charities and the NHS. The business is headquartered in Nelson, Lancashire, with 14 showrooms across Northwest England and a growing online presence. The investment will lead to continued expansion across Northwest England.
Panoramic Growth Equity (“Panoramic”), a leading investor in entrepreneurial UK companies, backed the deal through Panoramic SME Fund 3 – its fifth investment.
Panoramic invested in Millercare alongside its current management team, MD Nick Buchanan, Finance Director Phil Neal and Operations Director Tara Butterworth, who have each been with the company for over 20 years and overseen Millercare’s growth.
Christian Mancier, partner at Gorvins Solicitor, who provided legal advice to the sellers alongside Gemma Lingard, said: “Millercare has built a strong reputation over 75 years of trading and we’re please to have played our part in supporting the businesses’ evolution and wish the management team ever success going forward.”
Nick Buchanan, Millercare MD, commented: “News of the transaction has been very positively received by all our stakeholders and we are looking forward to working with David and Katie as we seek to expand the business further across northwest England.”
Established in 1856, Gorvins Solicitors is a full-service law firm with more than 70 employees and 18 partners. Headquartered in Stockport, its roots date back more than 150 years.
Alongside legal advice from Christian Mancier, Gemma Lingard and the team at Gorvins Solicitors, the sellers received corporate finance advice from Steven Lindsay at Xeinadin Corporate. Panoramic’s Investment was led by David Atkinson and Katie Ford. Panoramic received legal advice from Rick Life, Wendy Catterall and the team at Harrison Drury Solicitors. Kevin Steven and Jimmy Moore of Pierce Chartered Accountants provided Financial Diligence. David Middleton of Cole Associates Corporate Finance provided corporate finance advice to management, and they were advised on legals by Terry Moore at Myerson Solicitors.