Clearwater International advises on the sale of Ansel Group
Clearwater International has advised Ansel Group, a specialist in personality disorder services, on its sale to London Stock Exchange-listed Cambian Group.
Established in 2008, Ansel works with people with complex mental health needs and operates 24 beds from its base in Nottingham. The business recently reported turnover of £3.5m in the year to March 2014.
Cambian Group is one of the UK's largest providers of specialist behavioural health services to both adults and children. Established in 2004, the company has grown rapidly and currently employs 6,000 staff across its 250 facilities. Cambian works alongside 140 UK public authorities, offering services to almost 2,500 people. The business has performed strongly since listing on the LSE and has a market cap of over £385m.
The acquisition strengthens Cambian's offering in the East Midlands, also allowing access to Ansel's cutting edge Nottingham clinic. The deal also provides the opportunity for Ansel to extend its knowledge and client base.