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Russell-Cooke’s charity and social business team advised mcch and Choice Support on their merger, effective from 1 November 2017. The merger forms the new charitable company, Partnership Support Group.
Leading the team were James Sinclair Taylor and Sukanya Ransford. They advised from the inception of the merger, producing the initial scoping and feasibility report which led to a period of discussions between the parties, identifying the risks and benefits of the proposed merger. The wider charity and social business team also advised on an appropriate legal structure for the merged entity, the due diligence process, issues that arose and the legal documentation and the decision making processes required to implement the structure.
James Sinclair Taylor, partner, commented “This merger marks another record period for the team’s involvement in substantial restructurings and mergers. Our experience suggests that consolidation within the sector, anticipated at the beginning of the financial crisis and following the government’s public spending cuts, is continuing but remains challenging. Numerous merger discussions still fail to proceed to completion despite strong financial drivers in certain parts of the sector.”
mcch is a leading and award winning social care provider to children and adults with disabilities, and currently supports over 2,000 people in over 150 services across London and the South East. Choice Support is a leading social care charity that supports people with learning disabilities, mental health needs, physical disabilities and homeless people.