Brighton-based charity Change, Grow, Live (CGL) has been supported by law firm DMH Stallard during its acquisition of Lifeline Project as a “pre pack” deal on the appointment of administrators.
CGL is a social care and health charity with a turnover of £158m and staff of over 2,800 that supports people across the UK whose lives are affected by substance misuse and other issues.
CGL was invited to come to the support of Lifeline Project, another large charity working in the field of substance misuse, and on 2nd June completed its acquisition, preserving over 1,000 jobs and securing continuation of its services supporting vulnerable people.
DMH Stallard worked with CGL across all aspects of the acquisition, covering the sale agreement, property issues, business recovery, contracts and employee consultations.
The acquisition makes CGL one of the biggest charity providers in this sector in the UK, with over 4,000 employees as well as many volunteers.
David Biddle, Chief Executive at CGL, comments: “I’m very pleased that we have been able to finalise the acquisition. Our focus now is on providing a seamless service to our users and integrating our new colleagues into the enlarged organisation.
“All the teams we’ve dealt with at DMH Stallard have provided exceptional service on this project. They’ve supported us at both a strategic and practical level and continue to do so as we work through the later stages of the arrangement.”
Simon Bellm, Partner at DMH Stallard, comments: “This was a challenging project given the need to complete such a large and complex transaction within a matter of four weeks. It required us to quickly put together a multi-disciplinary team and to work closely with CGL to help them make difficult commercial judgements. It’s been hugely rewarding working with CGL’s management team to help them secure a deal which is so important not only to CGL but also to staff at Lifeline and, crucially, the service users they support.”