Domiciliary care provider Enara, which is owned by buy-out firm August Equity, has secured £23 million in bank finance to fund acquisitions.

Domiciliary care provider Enara, which is owned by buy-out firm August Equity, has secured £23 million in bank finance to fund acquisitions.

Provided by HSBC, the facility has already funded the purchases of Surrey-based Marian Homecare, Berkshire-based Abbey Home Care Agency, and Hertfordshire-based Community Careline Services.

Aatif Hassan, a partner at August Equity, says that Enara has announced nine acquisitions in total since it was bought out by the firm last November.

Hassan adds, ‘The finance will allow [our portfolio companies] to continue their rapid expansion and to reach new geographical areas.’

With £300 million under management, August Equity invests between £10 million and £50 million in UK-based companies in the healthcare, mediatech, industrial products and business services sectors.