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Enham Partnership Trading Ltd

Transaction: Development Capital
Sector: Healthcare
Completed: March 2007
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Meridian advised the majority shareholders of Enham Partnership Trading Ltd ("EPT") on a development capital transaction, involving undisclosed private investors.

EPT is a wholly owned subsidiary of Enham, a charitable trust set up in 1918 which now provides Mobility Solutions to disabled people. Enham owns and manages an expanding portfolio of business interests with commercial focus on social enterprise to support Enham's wider charitable objectives of providing funds for the Enham Direct services, employment opportunities for disabled people and better access to products and services which improve Disabled people's quality of life.

EPT was the majority shareholder of R2M, Enham Direct and Enham Finance. This deal sees the investors providing development capital to enable them to grow and take advantage of their current market positions.
R2m provide electric scooters and powered wheelchairs through the Motability scheme.

Enham Finance is a finance business aimed at financing the purchase of electric scooters and powered wheelchairs for customers for those who do not qualify for the Motability scheme.

Enham Direct is a niche insurance broker, focusing on providing specialist insurance for disabled people.

Commenting on the transaction Michael Barcia of Meridian said "We were originally brought in to advise the trust on its strategic options. All three companies have a market niche which could see significant growth over the coming years. The investors have been involved with each of the companies over the past few years and see the opportunity of growing them whilst having similar goals and objectives to those of EPT. We wish all the companies luck in their continued developments.“
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