27 January 2014
Press ReleasesThames Valley and South Coast accountants and business advisers James Cowper Kreston has advised City & County Healthcare Group on a successfully secondary management buy-out from Sovereign Capital Partners LLP with backing from Graphite Capital.
City & County provides high quality home care assistance, primarily for the elderly. It also provides specialist care services for young people and adults with more complex or long term conditions such as learning disabilities, mental health needs and brain injuries. Operating from 64 branches across England, Wales and Northern Ireland, City & County’ carers provide care to over 15,000 individuals a year, primarily on behalf of local authorities and the NHS, as well as to private clients.
James Cowper Kreston has been advising City & County Healthcare Group for four years as the company has expanded its geographical reach, including its first Welsh acquisition of ISS Healthcare.
Stuart Williams, Corporate Finance Senior Manager at James Cowper Kreston said: “City & County Healthcare Group is a extremely successful company that has established itself as a leading UK domiciliary care provider. I look forward to assisting them as they embark on the next leg of their journey.”
This is the first investment made from Graphite's new £500 million fund, Graphite Capital Partners VIII, which closed in October.
Craig Rushton, Chief Executive, City & County commented: “Graphite brings a wealth of experience in the care sector and has been successful in backing and developing a series of best-in-class businesses. We are looking forward to working together to provide the elderly and less able with the highest quality home care services.”
Mark Hall, Graphite partner, added: “C&C is a first class business run by a strong management team and provides a critical service. The care sector is one we know well and we believe that, with our help, C&C will capitalise on its excellent potential for growth, both organically and via strategic acquisitions.”
In 2013, James Cowper Kreston’s Corporate Finance team advised on 20 corporate finance transactions.
