August Equity LLP (“August Equity”) is pleased to announce that its portfolio company, Lifeways Community Care Limited (“Lifeways”), has completed the acquisition of Highbourne Care Limited (“Highbourne”). The acquisition was funded by HSBC.
Highbourne provides supported living for individuals with severe learning disabilities, complex behaviour, mental health problems and autistic spectrum disorders. They operate in Crewe and surrounding areas which represents a new geographical market for Lifeways.
Lifeways is one of the UK's leading providers of specialist services for people with diverse and complex needs. Lifeways now supports more than 1,500 people throughout the UK and it continues to see strong organic growth and a good tender pipeline.
Paul Marriner, CEO of Lifeways, commented: “We are delighted with the acquisition of Highbourne. The service it provides fits well with our person centred approach to care and support and it has a strong reputation for its high quality service offering.”
August Equity partner, Aatif Hassan, said: "The acquisition of Highbourne provides Lifeways with access to a new geographical market, which will further enhance its position as one of the UK’s leading specialist care providers. We hope to announce additional acquisitions in the near future."