Mitchell Charlesworth advises Breaking Free on its sale to LifeWorks
Mitchell Charlesworth has advised Breaking Free, a leading provider of digital substance use disorder treatment, on its sale to LifeWorks.
Founded in 2010 and based at premises in Manchester and Birmingham, Breaking Free is a pioneering digital health and behavioural science company specialising in addictions. They develop, implement and evaluate evidence-based digital behaviour change interventions that empower people to overcome problem drinking, drug misuse and smoking.
LifeWorks is listed on the Toronto Stock Exchange and a leading provider of comprehensive mental health, digital and in-person total wellbeing solutions. LifeWorks reports that this acquisition will accelerate LifeWorks growth, over time, by adding substance use solutions to its platform and making these available to the more than 25,000 client organisations that already rely on LifeWorks mental health and wellbeing services. Further information on the deal can be found here.
Mitchell Charlesworth have been our principal advisors on all tax matters for many years, including handling our R&D claims, and the relationship has been key to our success. We have always benefited greatly from their advice and guidance, and in this cross-border transaction their expertise was invaluable.
Breaking Free was given accounting and tax advice by Mitchell Charlesworth partner Alison Buckley, tax director Phil Hartley, and manager Jonathan Lucas.
Phil Hartley, tax director Mitchell Charlesworth, says: “We are delighted to have played a part in advising on the deal which sees Breaking Free join a world leader in digital healthcare. The deal shows that the tech industry in the North West is thriving and is a significant part of the global tech scene.”
Alison Buckley, partner at Mitchell Charlesworth who has worked with Breaking Free since 2013 added: “We have worked with Breaking Free for the past 9 years supporting the growth of the business with a full range of accountancy, business and tax services. This deal represents a fantastic outcome and opportunity for the owners of the business.”
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Written 31 January 2022.