North East care provider Hark Group Holdings has recently trebled in size following a number of acquisitions across Tyne and Wear.
Founded by husband and wife team Hardip Kang and Rupinder Kang, the group has expanded over the past 12 months thanks to support from Mincoffs Solicitors, business advisory group Azets, and funding from Allica Bank.
The provider’s recent acquisitions include Cedar House Care Home, Sunderland, and Thorncliffe Care Limited, which operates Thorncliffe House, also located in Sunderland. Mincoffs and Azets worked with Hark Group’s senior management team to structure, fund, and transact the deals.
Hardip Kang said: “Our expansion and growth this past year was greatly assisted with the knowledge, experience, and eye for detail from Chris Hughes and all the team at Mincoffs.
“It’s the kind of reassurance a growing business needs when trying to achieve their growth targets. Lee Humble and the team at Azets provided me with the financial advice and assistance to accelerate the momentum needed to get the deal over the line.
“I look forward to working with both again for any possible future acquisitions.”
Chris Hughes, corporate partner at Mincoffs Solicitors, commented: “It has been fantastic to work closely with both Hardip and the team at Hark and with Lee and the team at Azets to deliver Hark Group Holding’s vision for the North East care sector.
“Thorncliffe House and Cedar House Care Home are fantastic additions to Hark’s portfolio and it has been a pleasure to assist the group in acquiring these two business, so it can continue to provide essential, top quality, care across the region.”
Lee Humble, corporate finance partner at Azets added: “It has been a pleasure to work with such a strong team with a compelling growth vision. I am excited to see what the future holds for the group, and we are delighted to be part of their journey. The sector is extremely active at present, and we are always keen to help facilitate transactions for businesses like Hark.”
