August Equity LLP (“August Equity”) is pleased to announce it has completed six new acquisitions and secured a new acquisition facility for portfolio company Enara Group Limited (“Enara”), a domiciliary care provider operating in London and the South.
The six new acquisitions are; Village Homecare Services (Wales), Somebody Cares, Community Careline Peacehaven, Care 4 Agency, Homelink Care Services and Capital Care.
August Equity initially announced the buy-and-build in November 2008 and since then Enara has completed 23 bolt-on acquisitions.
Commenting on the acquisitions, Aatif Hassan of August Equity, said: “The domiciliary care market is extremely fragmented and Enara has been able to acquire some very high quality businesses which has enabled strong market expansion. The new acquisition facility will allow the continued expansion and the development of additional service offerings.”
Stephen Booty, CEO of Enara, said: “Enara’s overriding aim is to create a domiciliary care provider that is synonymous with quality and to provide a high level of service to our clients. The latest acquisitions are all well regarded domiciliary care providers and we are delighted to have them as part of the Enara group.”
Enara has been shortlisted as Domiciliary Care Provider of the Year and August Equity has been shortlisted as Investor of the Year at the HealthInvestor Awards. Award winners will be announced on 27 May 2010.