Private equity firm Sovereign Capital has acquired London Care, a domiciliary care business, for £18 million. 

Private equity firm Sovereign Capital has acquired London Care, a domiciliary care business, for £18 million.

The investor has committed total funding of £25 million to London Care and is in discussions to acquire a number of complementary domiciliary care businesses.

London Care operates from 13 sites across the UK and employs 1,500 staff. Sovereign has appointed former CEO of Clinovia Robbie Burns as chairman and Mark Harrison as finance director. Angelo Rombo will remain managing director of the business.
 
Dominic Dalli, a partner at Sovereign, said: ‘We have known and followed London Care since 2005 and witnessed strong growth in the business – revenues have increased to over £20 million driven by the increasing demand for high quality home care.’