Pinsent Masons Advised ThinCats to support Cairngorm Capital Partners' merger with ERS Medical

Pinsent Masons Advised ThinCats to support Cairngorm Capital Partners' merger with ERS Medical

The partnership creates the UK's stand-out industry leader in the provision of non-emergency patient transport services to the NHS and local authorities

Multinational law firm Pinsent Masons has advised alternative capital provider ThinCats on its support for Cairngorm Capital Partners' portfolio company, E-zec Medical Transport Services, in their merger with ERS Medical.

The enlarged business serves more than 50 commissioning bodies with the support of 2,500 specialist employees, from 55 operational sites nationwide. In 2022, the combined business generated revenues in excess of £100m.

Max Millington, the financial services partner at Pinsent Masons remarked, "These transactions demonstrate ThinCats' commitment to private equity activity across a number of sectors. More broadly it is reassuring to see debt market participants such as ThinCats contributing to the resilience of the mid-market following what was a more challenging 2022 for many of our clients within both the funder and sponsor/borrower communities. We look forward to seeing this reinvigoration gain pace through the course of the year."

Neil Patel, the senior origination director, at ThinCats said: "We are grateful to the Pinsent Masons team for their legal and transactional expertise in helping us successfully to deliver these recent investments for our clients on their requisite timelines. We have found Pinsent Masons to be a supportive and trusted legal partner of ours, and look forward to working with them on future transactions."

The Pinsent Masons debt finance team advising ThinCats on the leveraged financing comprised financial services partner Max Millington, legal director Seána Donaghy and associates Georgina Cockerton and Tom Denslow.