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.
DMH Stallard has advised with a team led by Simon Bellm (Picture).
Involved fees earner: Simon Bellm – DMH Stallard;
Law Firms: DMH Stallard;
Clients: Change, Grow, Live;