GI Partners buys Advanced Childcare

Private equity firm GI Partners has acquired Lancashire-based Advanced Childcare in a deal worth £28 million.

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.

Todd Cardy

Todd Cardy

Todd was Editor of between 2010 and 2011 as well as being responsible for publishing our digital and printed magazines focusing on private equity and venture capital. Connect with...

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