Wellspring Capital Management’s Acquisition of Caring Brands International

McDermott Will & Emery represented Wellspring Capital Management in the transaction, while Kirkland & Ellis represented CBI.

Wellspring Capital Management LLC, a leading private equity firm headquartered in New York, executed its acquisition of Caring Brands International, Inc. (CBI), the leading franchisor of home healthcare services under three global brands—US-based Interim HealthCare, UK-based Bluebird Care and Australia-based Just Better Care. The CBI brands represent 550 locations operated by more than 250 franchise owners and operators that produce over $1.3 billion in sales annually.

Adams Street Credit Advisors LP and Madison Capital Funding LLC are serving as Joint Lead Arrangers and Joint Bookrunners in relation to the acquisition financing in the form of term loan and revolving commitments. Adams Street also serves as Agent.

CBI is the twelfth investment from Wellspring Capital Partners Fund V, L.P.

The McDermott corporate team was led by Frank Steinherr (Picture), James Parry, Cristy Delgado, Nate Barnett and Graciany Miranda and included Daniel Zucker, Todd Solomon, Debra Harrison, Ray Jacobsen, Gary Karch, Sharon Lamb, Jennifer Mikulina, Michelle Strowhiro, Arvin Abraham, Vanessa Barmack, Sarah Kitchell, Paul McGrath, Scott Regan, Carol Spink, Daphne Trotter, Gregory Weigland, Eleanor Atkins, Deepali Doddi, Noah Feldman Greene, Sanjeet Johal, Leon Jun, Nicolas Jupp, Marissa Krumm, Simon Margesson, Bella North, Jennifer Saperstein, Sarah Schanz, David Stage, Rick Stepanovic, Justine Wadhera and Sophie Wood. The McDermott finance team was led by Anh Lee and Jared Bryant and included Andrea Ruiz, David Stage and Atoosa Nowrouzi.

The Kirkland team included corporate partners Shelly Hirschtritt, Kevin Mausert and John Wilkes, and associates Joshua Cowin and Soheil Ebadat.

Involved fees earner: Joshua Cowin – Kirkland & Ellis; Soheil Ebadat – Kirkland & Ellis; Shelly Hirschtritt – Kirkland & Ellis; John Wilkes – Kirkland & Ellis; Kevin Mausert – Kirkland & Ellis; Arvin Abraham – McDermott Will & Emery; Eleanor Atkins – McDermott Will & Emery; Vanessa Barmack – McDermott Will & Emery; Nathan Barnett – McDermott Will & Emery; Jared Bryant – McDermott Will & Emery; Cristina Delgado – McDermott Will & Emery; Deepali Doddi – McDermott Will & Emery; Noah Feldman Greene – McDermott Will & Emery; Debra Harrison – McDermott Will & Emery; Ray Jacobsen – McDermott Will & Emery; Sanjeet Johal – McDermott Will & Emery; Jong In Jun – McDermott Will & Emery; Nicholas Jupp – McDermott Will & Emery; Gary Karch – McDermott Will & Emery; Sarah Kitchell – McDermott Will & Emery; Marissa Krumm – McDermott Will & Emery; Sharon Lamb – McDermott Will & Emery; Anh Lee – McDermott Will & Emery; Simon Margesson – McDermott Will & Emery; Paul McGrath – McDermott Will & Emery; Jennifer Mikulina – McDermott Will & Emery; Graciany Miranda – McDermott Will & Emery; Bella North – McDermott Will & Emery; James Parry – McDermott Will & Emery; Andrea Ruiz – McDermott Will & Emery; Jennifer Saperstein – McDermott Will & Emery; Sarah Schanz – McDermott Will & Emery; Scott Regan – McDermott Will & Emery; Todd Solomon – McDermott Will & Emery; Carole Spink – McDermott Will & Emery; Frank Steinherr – McDermott Will & Emery; Rick Stepanovic – McDermott Will & Emery; Michelle Strowhiro – McDermott Will & Emery; Daphne Trotter – McDermott Will & Emery; Justine Wadhera – McDermott Will & Emery; Gregory Weigand – McDermott Will & Emery; Sophie Wood – McDermott Will & Emery; Daniel Zucker – McDermott Will & Emery;

Law Firms: Kirkland & Ellis; McDermott Will & Emery;

Clients: Levine Leichtman Capital Partners; Wellspring Capital Management LLC;