August Equity LLP (“August Equity”) is pleased to announce that its portfolio company Enara Group Limited (“Enara”) has acquired Country Care Limited (“Country Care”) and five of the six businesses from The Home Service group (“Home Service”).
Country Care, established in 1995, is a privately owned elderly home care provider, based in Tunbridge Wells, Kent. Country Care provides high quality home care to the elderly in the private pay and local authority markets.
Home Service, established in 1989, is one of the largest providers of home care services in Kent with branches in Folkestone, Canterbury, Ramsgate and Deal. Home Service provides support to older people and adults with physical or learning difficulties, neurological or terminal illnesses and those with mental health problems.
Commenting on the acquisitions, Aatif Hassan of August Equity, said: “The acquisitions allow Enara to expand their geographical reach with entry into the Kent market. Since the initial investment Enara has announced six bolt-on acquisitions”.
Stephen Booty, CEO of Enara, said: “Both Country Care and Home Service are high quality businesses and we are delighted to have them as part of the Enara group.”
August Equity announced the £20 million Enara buy-and-build in November 2008 with the initial buy-out of Enara Limited and the simultaneous acquisition of First Call Care Services Limited.
August Equity has again been shortlisted as Investor of the Year at the HealthInvestor Awards, an award the team won last year. Award winners will be announced on 3 June 2009.