Houlihan Lokey Advises AKW Holdings

Houlihan Lokey is pleased to announce that AKW Holdings Ltd. (AKW), a portfolio company of PennantPark Investment Corp. (NYSE:PNNT) (PennantPark), has successfully acquired Mobility Bathing Group (Mobility Group). Houlihan Lokey served as the exclusive financing advisor to AKW Holdings on the transaction.

Founded in 1982 and headquartered in the Isle of Man, AKW is a market-leading designer, manufacturer, and supplier of highly engineered bathroom and kitchen accessibility solutions, enabling older and less mobile people to live independently. It offers 4,000+ products spanning easy-access showers and wet rooms, shower trays, screens, and more, backed by a strong reputation for product quality, reliability, and service.

AKW continues to strengthen its position as a market leader in the accessible living sector, pursuing growth both organically and through selective acquisition. The new financing, which funds the acquisition of Mobility Group, provides a flexible, long-term capital structure and gives the company committed capacity to support its ambitious growth strategy.

Founded in 2016, Mobility Group is the leading U.K. provider in the private-pay adaptive bathing market, specialising in walk-in showers, baths, and wet rooms for elderly and mobility-impaired homeowners. The acquisition expands AKW’s footprint in the private-pay segment while complementing its public-pay leadership, creating a leading provider across both sectors in the U.K.

PennantPark, founded in 2007, is a leading alternative asset management platform focused on the core middle market, providing flexible debt and equity capital to midsized companies. It has supported AKW as a portfolio company since 2018.

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