The Nottingham office of Browne Jacobson has advised on the management buy-out of Eden Supported Housing Limited, backed by Sovereign Capital, for an undisclosed sum.

Eden is one of the UK's largest independent Supported Living providers. Started in 1994 the business provides long term care and support for adults with a range of learning disabilities through its six office network spanning Nottinghamshire, Nottingham City, Lincolnshire and South Yorkshire.

The new management team will be led by Managing Director Paul Adcock and property Director Mick Nichol Smith. They will be joined by Finance Director Michael Bryant.

The new management team was advised by Oliver Pritchard, Corporate Partner at Browne Jacobson. 

Oliver Pritchard, commented: "The healthcare sector, particularly domiciliary care and supported living, has been an active area for private equity houses for the last 12 months. We are delighted to have acted for a first class management team that unquestionably has the expertise, drive and passion to ensure the business achieves its ambitious growth plans and we look forward to working with them in the near future." 

Paul Adcock, Managing Director at Eden, added: "The last five years have seen an ever increasing understanding of both the philosophy and benefits of Supported Living. Bringing Sovereign on board at this stage is key to our future success and we were delighted with the professionalism shown by Oliver and his team in helping us achieve a successful buy-out of the business. We look forward to working with them in the near future as we seek further growth opportunities in the expanding supported living sector."

Other advisers included chartered accountants Cowgill Holloway and law firm HBJ Gateley Wareing acting for the selling shareholders.

KPMG, legal advisers Pinsent Masons and Clearwater Corporate Finance advised Sovereign Capital.  

For more information about Browne Jacobson, please visit their website here: www.brownejacobson.co.uk