August Equity LLP (“August Equity”) is pleased to announce the two additional acquisitions of Companions Care (“Companions”) and Freshford Homecare Limited (“Freshford”) by portfolio company Enara Group Limited (“Enara”).
Freshford is based in Seaford, East Sussex and Companions is based in Eastbourne, East Sussex. Both businesses provide home care for the elderly on behalf of local authorities and private individuals adding a further 4,000 hours to the Enara group.
Commenting on the latest acquisitions, Aatif Hassan of August Equity, said: “We are delighted with the rapid development of the buy-and-build and together with the management team we are constantly looking for new acquisitions that will enhance Enara’s portfolio and add to its current care provision.”
Stephen Booty, CEO of Enara, said “The latest acquisitions are a great addition to the Enara group as they expand our geographical reach to the Sussex market.”
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. A subsequent acquisition of Beech Care and Nursing Agency Limited was announced in January 2009.