Houlihan Lokey Advises Person Centred Software

Houlihan Lokey is pleased to announce that Person Centred Software (PCS), the U.K.’s leading provider of care home management and intelligence software, has raised new debt financing. The proceeds of the new financing, combined with a concurrent equity raise, will be used to fund the combination of the business with Clearcare, an established provider of children’s social care software in the U.K. The new equity was provided by Brighton Park Capital (BPC), which will acquire a minority equity interest in the business. Current shareholders, Cow Corner Investing Ltd. (Cow Corner), will remain the majority investor following the transaction. Houlihan Lokey served as the exclusive financial advisor to PCS and its shareholders. The transaction is subject to regulatory approvals.

Founded in 2013 and headquartered in Guildford, England, PCS is the leading care management software provider in the U.K., offering a comprehensive range of solutions for care homes serving both the elderly and children’s residential markets. Its software is used by over 8,400 care homes with more than 13 million care notes created daily, making it a deeply embedded, mission-critical tool for care homes across the U.K.

Cow Corner, founded in 2018, is a privately owned U.K. investment business that backs knowledge-based services and software companies, particularly in IT, specialist professional services and education and training. Cow Corner has been the majority investor in PCS since 2021 and remains the majority investor after the event.

BPC is a growth-equity firm that backs entrepreneur-led, growth-stage companies in software, healthcare and tech-enabled services.

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