Omega Elifar is based on the Hampshire/Surrey border and runs a number of care homes in the local area. Omega Elifar is a registered provider of elderly care, respite care and of full-time support to people who have severe learning disabilities.
The acquisition represents the first investment by Hervines Group in this sector. Hervines have stated their intention to acquire further care home businesses as part of its buy and build growth strategy.
Andrew Cooke commented; “We are delighted to have assisted Hervines Group with this acquisition, particularly at the start of its journey to become an established name within this sector. Rikesh Saujani and Karim Karmali have been a pleasure to deal with, and we look forward to helping this business to reach its full potential.”
Rikesh Saujani, Partner of Hervines Group, added; “This is Hervines Group’s first specialist Adult Care acquisition and is part of our vision to bring innovative care pathways for individuals in a dynamic way that adapts to the individuals needs as they evolve through life.
We successfully completed this deal due to our team’s experience in the care markets along with being closely aligned to the values of the existing business, and team, in providing a high level of care with people at the core of its strategy.”
Property advice was provided to Hervines Group by Stephen Elliott of Stephen Lake LLP and accounting and taxation advice provided by Fahreen Meghani of Fairman Harris.