![]() |
|
ISIS backs duo in medical company buy-out
Two directors at one of the UK’s largest distributors of medical products to the primary care market plan to double its turnover after buying the business.
Williams Medical Supplies’ (WMS) chief executive Vince Kerr has bought the company after 14 years service. He was joined in the deal by commercial director Nigel Knight.
The financial terms of the deal have not been disclosed, but Kerr and Knight were backed with £10.5 million provided by ISIS Equity Partners. This was supported with debt authorised by National Australia Bank.
ISIS’ investment, which was managed by Mark Advani, is the first from its ISIS IV fund. WMS joins ISIS’ portfolio of healthcare companies such as Care Management Group and Paragon (UK).
The business was sold by Robin Williams, who retires 21 years after establishing the company. He remains with WMS for six months as a consultant.
WMS, which is based in Rhymney, South Wales, supplies a range of medial products such as pharmaceuticals, consumables and medical equipment as well as providing support and practice management services.
It has more than 11,000 clients, which are predominantly GPs but also include pharmacies, the NHS, occupational health professionals, nursing homes, family planning centres and prisons.
In the 12 months to the end of July last year, the company reported a £1.3 million profit after tax from a £41.3 million turnover.

M&A News
- Telereal snaps up a bargain Jan 08 2009
- Doughty Hanson goes shopping for deals Jan 08 2009
- West End Ventures acquires dotmailer Jan 07 2009
- Red hot deal for AVC Jan 07 2009
- Pandora Books buys Badger Publishing Jan 06 2009
M & A Events
- Quoted Company Awards 2009 28th January
- The Canaccord Adams Media Magnate Awards 26th March
- Rosenblatt New Energy Awards 2009 27th February
- M&A Awards 2009 18th February
M&A Deals
- Hello Telecom acquires TelNG Jan 07 2009
- London & Stamford Property's £74m deal Jan 06 2009
- Xploite strikes deal with Cantono Dec 16 2008
- Kornicis feasts on Smollensky's Dec 16 2008
- Ultra acquires Siemens Radmon Dec 15 2008
Special Offers
- 2008/09 AIM Guide Nov 12 2008
- Growth Company Investor Magazine: Dec 06 2008
- Cash Shells 2007 - Research report Jul 17 2007
- Venture Capital Trusts Jul 04 2007
Business Diary
- M&A Expanding internationally 27th November
- Rosenblatt New Energy Awards 2009 25th February
