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Alpha Helix is delighted to announce that it has acted as exclusive corporate finance adviser to Alcuin Capital on the sale of Bailey Instruments to Vernacare.
Founded in 1989, Bailey Instruments has more than 35 years of experience supplying podiatrists. Its products are used in the large majority of NHS trusts and by private podiatry clinics across the UK. Its portfolio is led by the Susol single-use range, built around a patented, ergonomically designed nipper, and also includes reusable instruments, orthotics and diagnostics. Since Alcuin’s investment the business has been refocused on its core podiatry market and has invested in its regulatory, operational and commercial capabilities. It now sells into the US, Canada, Australia and Ireland.
Vernacare, headquartered in Bolton, is a leading UK manufacturer of single-use healthcare and infection prevention products. The acquisition adds a specialist podiatry range to its portfolio and creates clear opportunities to cross-sell across both businesses’ customer bases and to grow internationally.
“Bailey is a well-respected brand with a loyal customer base and a strong position in a specialist clinical niche. The management team has built a platform with real momentum, particularly internationally, and Vernacare is ideally placed to take it forward. Following our sale of Marsden Weighing earlier this year, we’re delighted to have completed a second transaction for Alcuin Capital, and we wish Marcus, the Bailey team and Vernacare every success.”
Sam Rolls
Director, Alpha Helix
