Contact us

Mr Pickford’s pharmacy chain has undergone a management buy-out under a deal valued at more than £14 million.

The deal will also see the team behind Mr Pickford’s Pharmacies, which has seven sites in the Leicester area, acquire two other pharmacy businesses – JM McGill Pharmacies and D&R Sharp Pharmacies –which have 14 sites in South Yorkshire. Creating what is said to be one of the 30 biggest independent community pharmacy groups in the UK by number of sites.

Ses Memhi, Associated Partner at Claritas who led the team said: “We have been working with the management team of PillboxCapital for several years. I remember being presented with the vision and ambitious plans for their pharmacies portfolio some years ago, so it is impressive to see their vision become realty. This has been no fluke, as the team have worked extremely hard through both the Coronavirus and Brexit which certainly has not been easy. It is a great testament to the management team and how agile and forward thinking they have been. We wish them lots of success and look forward to working with them again in the near future.”

Manish Patel, Group CFO, commented:

“Over the past decade, PillboxCapital had evolved into an interconnected group of companies operating a number of different businesses. Claritas were able to obtain the necessary clearances and then untangle and streamline the group ownership and structure, and do so in a way that was logical and easy to follow. This enabled us to take on new investment partners for our now separated pharmacy group, and then launch a pharmacy buy, build and automate, rapid growth strategy. 

Without Claritas’ support and guidance, especially through the Covid period of uncertainty, our pharmacy growth project would not have launched.”

Read the full press release here

Recent updates

The world of tax is constantly changing, so keep up to date on all our news, views and opinions

News

Claritas shortlisted for not one but five Dealmakers Awards!

28 July 2022

News

Claritas Tax advise shareholders of Direct Heat Group on the acquisition of Fairway Fireplaces

20 July 2022

News

Claritas Tax advise Pelican Capital on the sale of YourParkingSpace

14 July 2022

News

Claritas Tax advise Solid Solutions on the sale to TriMech

12 July 2022

News

Claritas Tax advise Phoenix Management Group on their sale to CSM

7 July 2022

Social Value

We completed the 30,000 challenge

1 July 2022

arrow-left-blue
arrow-right-blue
Background Gradient
band-shape-circle-pink

Get in touch

To find out more about what we do, please get in touch.






    I am happy for Claritas Tax to get in touch with me regarding my enquiry