MDW Capital advises E-zec Medical Transport

London, 6 March 2023

MDW Capital is pleased to announce the completion of its latest transaction, advising E-zec Medical
Transport (“E-zec” or the “Group”) on the raising of acquisition debt facilities to support E-zec’s merger
with ERS Transition Limited (“ERS”).

E-zec, a portfolio company of Cairngorm Capital, is the largest Non-Emergency Patient Transfer
Services (“NEPTS”) operator in the UK. The merger with ERS enables the Group to create a business
of significant scale and consolidates its clear UK market leadership position. The Group selected MDW
Capital given the firm’s unrivalled expertise in providing best in class advice, to borrowers and their
management teams.

Craig Smith, E-zec’s CEO commented “the merger with ERS consolidates the Group’s market leading
position and creates a NEPTS business that is unrivalled in terms of expertise, client service delivery
and patient care. MDW’s high calibre team provided excellent advice to our management team and
navigated through the complexities of the ever changing finance market to deliver a debt facility that
provides the finance facility to acquire ERS and positions the Group for further growth.”

David Culpan, Managing Partner at MDW Capital added “as finance markets change, adapting and
evolving to World events, being able to advise borrowers and management teams with the benefit of
having been investors and borrowers in the past is absolutely critical. It is central to MDW’s advice and
enables our team to engage with and represent borrowers and management teams as if we are them.”