Breaking News Tunstall Healthcare Group quietly announced on 25 September an additional investment of £20 million from its private equity owner, Charterhouse Capital Partners. Our readers know from our May and July articles the business challenges Tunstall has faced. We have particularly focused on–as have Bloomberg in May, this Editor and our Founder/EIC Emeritus Steve Hards over the years–on the heavy burden of Tunstall’s debt service, multiple management changes on both sides of the Atlantic, and a decided ‘failure to launch’ in the US market.
Readers of the Sunday Times woke up to this headline and lede (what news writers use to introduce the topic and entice you to read on):
Headline: £20m to steady ship at Tunstall
Lede: CHARTERHOUSE Capital Partners, one of the City’s oldest and most secretive private equity firms, has been forced to provide a multimillion-pound lifeline to another of its investments. A fortnight ago, Charterhouse ploughed £20m into Tunstall, a healthcare technology company that makes equipment to monitor the elderly and sick at home.
Insider Media Limited (business news review) had a more measured take in its ‘Yorkshire News’ section:
Headline: BACKERS PUMP £20M INTO HEALTHCARE FIRM (more…)