Live-in care company Active Assistance has merged with First Call Care Services, generating an exit for investor ISIS Equity Partners.

Live-in care company Active Assistance has merged with First Call Care Services, generating an exit for investor ISIS Equity Partners.

The merger is being backed by private equity firm August Equity, whose funds will support the combined group through the next phase of expansion.

ISIS, which backed Active in 2008 with £2.8 million from its Baronsmead VCT, has earned a multiple of 2.8 times its money and an IRR of 68 per cent through the deal.

Andrew Allen, the son of Active’s founder Bill Allan who ran the business during the period of ISIS’ investment, is moving to a non-executive role on the combined group’s board.

Active Assistance is based in Kent, while First Call is headquartered in Essex.