Healthcare & Education
Private Equity

Springboard Corporate Finance is pleased to announce that it has advised on the sale of £21 million turnover, Redditch-based Working on Wellbeing, which trades as Optima Health, to private equity house CBPE Capital. The transaction was conducted through CBPE Capital’s existing investee business, occupational health provider OH Assist.

About the deal

Optima Health, provides occupational health and wellbeing services to a UK-wide blue chip customer base.  The business is well regarded for delivering robust services to a range of industries including safety-critical and construction related sectors as well as specialised environments such as the Police, the NHS and local authorities.

OH Assist, backed by CBPE Capital, delivers both occupational health services and employee advisory programmes to public and private sector clients.  The combination of the two businesses will create the UK’s number one independent corporate health and wellbeing provider.

Simon Ward, partner at Springboard Corporate Finance, commented “Simon and his team have created a fantastic business based around a strong culture, a flexible operating model and excellent service delivery. The business is well placed to continue its impressive record of growth as part of CBPE’s portfolio.”

How we made a difference

  • Engaged with a small number of strategic buyers to work up detailed heads of terms, improving the price and structure materially;
  • Supported the discussions amongst the key stakeholders to select a preferred buyer;
  • Negotiated the terms of an anti-embarrassment clause to give certainty and reduce value leakage; and
  • Project managed the deal through to completion to preserve value through the due diligence process.
What our clients say

Simon Dickinson - CEO, Working on Wellbeing

Springboard provided excellent technical support, leading us through the complexities of the deal and providing hands on pragmatic advice throughout.  Their knowledge of the institutional buyer was invaluable in smoothing the way to a successful outcome.  I would have no hesitation in recommending Springboard.