Clearwater International advises Jourdan plc on the sale of its shareholding in Westfield Medical Limited
Clearwater International has advised Jourdan plc’s shareholders on the disposal of its 100% shareholding in Westfield Medical Limited.
Clearwater advised Jourdan on the sale of its shareholding in Westfield Medical Limited and the freehold factory, occupied by Westfield Medical, to Westfield Medical Group Limited. The MBO was led by Managing Director Patrick Sparkes with backing from Maven Capital Partners. The MBO gives Westfield the opportunity to increase production and significantly expand its international market.
The sale will allow Jourdan to concentrate on its remaining operating subsidiary Clinipak, a supplier of consumables and capital equipment to operating theatres in England and an increasing number of overseas distributors.