A sale to RCI Group, creating new growth opportunities for the specialist healthcare services provider.

Incorporated in 2013, Prometheus (consisting of Prometheus Safe & Secure and Prometheus Complex Care) provides secure transportation and specialist observation services for individuals with mental health needs.

Prometheus has established a reputation for professional and high-quality service through its commitment to patient care and safety, 24/7 availability and rapid response times.

Prometheus logo

K3 Deal Advisory advised the shareholders of Prometheus on the sale of the business to RCI Group, a portfolio company of Literacy Capital plc.

From identifying the buyer, to negotiating the Heads of Terms, managing the due diligence process and advising the shareholders on the financial aspects of the legal documents, K3 Deal Advisory provided support to the shareholders at every step of the sales process.

We ran a competitive process by marketing the business to a targeted list of potential suitable buyers and this led to a great deal of interest from both private equity and trade buyers with several offers being received.

The private equity backed RCI Group, proved to be the best fit for the shareholders in terms of the deal structure offered and the shared ethos towards high quality healthcare service provision.

We were able to deliver a transaction that met the needs of each individual shareholder. This included an equity participation opportunity for the management team led by Tim Slater (Managing Director) and Jeff Watts (Commercial Director), who will remain with the business to support its continued growth.

The transaction provides an excellent opportunity for Prometheus, and its employees, to continue its impressive growth journey as part of a larger healthcare group with an aligned goal of improving life outcomes for people across the UK.

The relationship with RCI will create significant new growth opportunities for the business including expanding geographically, winning new clients and continuing to develop new service offerings with a focus on providing high quality care services to individuals with complex needs.