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DCC acquires Williams Medical in £45m deal

FTSE 250 distribution company DCC has acquired Williams Medical Supplies (WMS) from owners Isis Equity Partners for £45 million.

The deal represents a return of 2.5x at an IRR of 15% for Isis, which originally invested £10.5 million in WMS in May 2007.

Founded in 1986 and based in Wales, WMS provides medical supplies and services to the UK healthcare market, including 8,500 GP surgeries and primary care organisations.

Hugh Hamer, chief executive of WMS, said: “Throughout ISIS Equity Partners’ involvement with Williams they have been very supportive and challenged the business to maximise its potential.  This has allowed the business to strengthen its position as the market leader within the UK healthcare industry and is now well positioned for further growth.  The move across to DCC will allow the business to grow to the next level which is a very exciting opportunity.”

London-listed DCC provides sales, marketing, distribution and business support services across five sectors: energy, technology, environmental, food and beverage and healthcare.  

A team at Catalyst Corporate Finance led by Justin Crowther and Keith Pickering, advised WMS.

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Posted on: 03/06/2014

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