Shoosmiths advise Latus on NorthEdge investment
July, 2024 - Milton Keynes, England
Law firm Shoosmiths has advised occupational health service provider Latus Group on its investment from private equity firm NorthEdge.
The investment from NorthEdge will support Latus Group's growth plan, which includes additional investment into people and the operational platform; improving commercial effectiveness; investing in customer success; and further investment into technology to support the shift to a digital health operating model.
Headquartered in Hull, Latus Group works with businesses across a range of sectors to provide health strategies to support regulatory compliance, improve colleague health and wellbeing and enhance employee engagement – in turn reducing absenteeism and relieving wider pressures on the NHS through a preventative approach to health.
The Shoosmiths team advising on the investment was led by corporate partner James Foster with support from corporate partner Simon Procter and principal associate Sophie Davies. Others advising on the deal included corporate associates Maria Foanta and Emily Egan. Tax advice was provided by legal director Laura Gould and associate Julia Szerer, with banking support from legal director Charlotte Thomas. Employment advice was given by senior associate Alex Bevan, associate Rachel Taylor and support on the court process was provided by senior associate Leonie Byrne.
Jack Latus, chief executive at Latus, said: "We have been building our relationship with NorthEdge for two years, so the completion of this investment represents a significant milestone for us. As well as the clear cultural fit and sector experience, the NorthEdge team have already supported us to find an experienced Chair and M&A Director, alongside helping us to refine our organic growth plan and M&A strategy.
"This investment will allow us to accelerate our growth and further expand our reach – delivering more high-quality occupational health services for our clients that improve health outcomes, by ensuring employees across the UK have the health support they need, whenever they need it and wherever they are. We are incredibly grateful for the expert support of Shoosmiths in helping us reach this important milestone."
James Foster, corporate partner at Shoosmiths, commented: “It has been fantastic to work alongside Latus Group to secure this transformational investment deal. Their offering is widely recognised as a leader in the occupational health space and this investment by NorthEdge creates exciting opportunities for the business going forward.”
Corporate is one of Shoosmiths’ key strategic pillars and across its division, the team has bolstered its market leading credentials and reputation for excellence in the mid-market, advising on upwards of 400 transactions a year.
