BLP Charities group acts on merger of care homes
BLP advised Nightingale on its merger with Hammerson House, which completed on 30 April 2012. The merged entity is known as ‘Nightingale Hammerson’.
Nightingale is the largest care home for the elderly on a single site in the UK and provides care for elderly members of the Jewish community. Nightingale has a 170 year history, originating in the East End of London.
The Lewis W. Hammerson Memorial Home Limited (known as Hammerson House) was founded in 1961 for older people in need of care, attention and a real home environment. Mrs Sue Hammerson, CBE, donated the site in memory of her late husband.
Hammerson Home Charitable Trust is a charitable company operating as a grant-maker to Hammerson House.
The transaction involved complex structuring to achieve the merger of a charitable trust governed by a scheme of the Charity Commission, an industrial and provident society and a company limited by guarantee. Owing to the scope of the charities’ work, it also involved interaction with a significant number of regulators, including the Charity Commission, the Financial Services Authority, the Care Quality Commission and the Tenant Services Authority. In the circumstances, the merger was successfully completed in approximately nine months.
The matter was led by Neasa Coen and Tora Smith, with support from Martin Paisner. Norman Russell advised on pensions aspects of the deal, Murdoch Currie advised on corporate issues and Deepa Deb advised on property law issues. Commenting on the merger, Neasa Coen said: “We are delighted to have assisted with bringing this intricate transaction successfully to completion and to have met a very ambitious timetable to allow the merged entity known as Nightingale Hammerson to be established.”
The successful conclusion of this complex and high profile transaction is a further example of the Charities group at Berwin Leighton Paisner LLP working on significant charitable projects and showcases its capacity to be a full-service legal firm for charity law advice.
Jo Coleman of IBB Solicitors acted for the Hammerson entities.
Yvonne Chubb was engaged by all parties to the merger to act as a joint project manager.
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