Management Buy Out - Bestport Private Equity and Westcountry Capital

24th September 2019

Hilditch, a medical equipment auctioneer, has undergone a management buy out (MBO) backed by private equity investors, Bestport Private Equity and Westcountry Capital.

Headquartered in Wiltshire, Hilditch is the UK’s leading specialist in the management, auction and recycling of medical equipment. It was founded in 1990 by Mike and Nicky Hilditch who, over the past 30 years, have built the business into the market leader, establishing strong relationships with over 90% of NHS Hospital Trusts in the UK. The business helps organisations to identify surplus equipment and manage the sale process through to delivery, in order to maximise returns for Trusts. Hilditch also provides additional support services for clients including equipment maintenance and testing, secure data cleansing, asset management services and site clearances. More recently the business has expanded internationally into Germany, France and Spain. Private equity firms WestCountry Capital (WCC) and Bestport have invested to fund the MBO and provide capital to support the growth of the business. Bishop Fleming provided acquisition support and financial due diligence to WCC and Bestport, allowing WCC to make its first investment and marking the first deal for Bestport’s latest LP Fund II.

Share

Keep up to date

Key contacts

Related insights