August Equity-backed Enara Group, a provider of private and social services-based home care in London and the home counties, has acquired County Care and certain assets from The Home Service Group.
August Equity-backed Enara Group, a provider of private and social services-based home care in London and the home counties, has acquired County Care and certain assets from The Home Service Group. The financial terms of the deal remain undisclosed.
The deal marks the next stage in the buy-and-build strategy of the group, which was bought out by August Equity in November. Since this time, the healthcare group has made six bolt-on acquisitions: First Call Care Services, Beech Care and Nursing Agency, Companions Care, Freshford Homecare, Country Care and five of the six businesses of the Home Service Group.
The private equity house has invested £20 million in Enara to close a string of deals aimed at expanding its national footprint. Typically, August Equity invests between £10 million and £50 million of equity in UK companies across four sectors: healthcare, technology and media, business services and industrial products and services.
Aatif Hassan, investment director at August Equity, said: “The acquisitions allow Enara to expand its geographical reach with entry into the Kent market.”