We advised management on the buyout of Wealden and Eastbourne Lifeline (“Welbeing”).

Welbeing had been set up by two local councils some years ago to provide telecare services to the people of the region. Telecare at its simplest is a remote monitoring service for vulnerable adults to help them retain independence and live in their own home. In the event of a problem in the home, an alarm is activated and the customer is instantly in touch with the contact centre who can alert friends and family or emergency services as necessary.

When Regent Evolution met the management team of Welbeing, there was need for a recapitalisation of the business to take advantage of a consolidating market, coupled with a strengthening of the management team.

The resultant MBO/MBI which was financially supported by one of the two sponsoring councils has left the business independent, in a strong financial position and with an internationally experienced management team to take advantage of a growing sector.