The deal achieves an exit for Bowmark Capital, which acquired the care and education business in 2004.
Advanced Childcare provides education to young people with behavioural, emotional and social difficulties.
Rizwan Khan, chief executive of Advanced Childcare adds: ‘We look forward to our next phase of development […] when we will aim to capitalise on the significant growth opportunities in our market.’
GI intends to use the acquisition as a platform to create ‘a multi-regional, industry-leading childcare services business’.
Ron Pearson, partner at Bowmark comments: ‘Advanced Childcare has capitalised on the increasing demand from local authorities for high quality, fair value care provision.’
Advanced Childcare has 60 local authority clients across England and operates 30 care homes and two fostering agencies.