August Equity LLP (“August Equity”) is pleased to announce that its portfolio company Enara Group Limited (“Enara”) has made four new acquisitions in the domiciliary care market, continuing the group’s rapid expansion.
The acquired businesses are:
First Class; founded in 1998 and operating in London.
Romney Marsh; founded in 1995 and operating in Kent.
Keratome Limited; founded in 1984 and operating in Welling in Kent, Lambeth and Camden.
Sophisticare Limited; founded in 2001 and operating in Berkshire.
Since the initial buy-out of Enara, the group has announced 18 bolt-on acquisitions as well as securing an additional round of bank funding in April 2009, provided by HSBC.
Stephen Booty, CEO of Enara, said “The latest acquisitions represent a very exciting development for Enara. The businesses are of high quality and enable us to expand our geographical reach as well as allowing us to continue to provide the high level of service Enara has become synonymous with.”
August Equity’s Aatif Hassan said: “We are delighted with the latest developments at Enara. The team have worked diligently at executing the buy-and-build strategy resulting in the acquisition of these four care businesses. We will continue to work with Enara to identify additional acquisition opportunities.”