LONDON – AMSTERDAM
LONDON – AMSTERDAM

H2 EQUITY PARTNERS (“H2”) IS PLEASED TO ANNOUNCE THAT IT HAS COMPLETED THE SALE OF NRS HEALTHCARE (“NRS”)

NRS is the UK’s leading provider of healthcare products and services to support independent living at home. NRS supports local authorities and the NHS through its portfolio of Integrated Community Equipment Services’ contracts, as well as providing clinical services. NRS also has a fast-growing product sales business into the private sector, mainly sold through online channels. Based in Leicestershire, NRS has 1000 FTEs and sales of approximately £200 million.

H2 acquired a majority share of NRS alongside LDC in December 2014. The business grew significantly under H2’s ownership, with a focus on providing a broader range of products and services, as well as a significant investment in new product development, clinical resources and IT capability to support operational delivery and high levels of customer service.

Graphite is a leading UK mid-market private equity firm with strong credentials in the healthcare sector. Graphite will work alongside the existing management team, who remain important shareholders in NRS.

The sale of NRS represents another successful exit from H2 Fund IV, which commenced investing in 2011 and continues to deliver market leading returns.

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Terry Musson

The Amberon Group is a market leading traffic management provider to the utilities and Local Authority markets. Amberon was established in May 2002 with our first depot in Paignton, South West England. Our founding core principles remain at the heart of everything that we do and our continued desire to achieve our purpose; to provide the best service in the Traffic Management sector. This has been the foundation for our success and has cemented our position as the market leader in TM.

During the initial transaction we never felt under any pressure & instantly recognised we would become part of the family. H2 took the time to listen to our views & business strategy, it was obvious from the very beginning that they would be the perfect partner for us.

The guys at H2 have enabled us to continue the momentum & have provided the expertise & knowledge to help us continue on the journey to constantly improve our service offering.

Working with H2 during the last 2 years has given us additional support not just financially but the advice & expertise has helped analytically & strategically.

The ambition and the drive H2 have is extremely infectious & continues to assist the group to overachieve.

It’s enormously reassuring to know H2 will always be at the end of the phone to offer advice but heartening to know they have the trust in us to deliver.