August Equity LLP (“August Equity”) is pleased to announce that its portfolio company Enara Group Limited (“Enara”) has acquired Beech Care and Nursing Agency Limited (“Beech”), a privately owned domiciliary care agency based in Hersham, Surrey. Beech expands Enara’s geographical reach with entry into the Surrey market and an additional 4000 hours of care.
Commenting on the acquisition, Aatif Hassan of August Equity, said: “The investment in Beech follows Enara’s buy-and-build growth strategy to create the leading regional quality home care provider. We have a strong pipeline of further deals, which we hope to complete in the near future”.
Stephen Booty, CEO of Enara, said “Beech has shown impressive growth built on its excellent reputation for a flexible approach and quality of care. The acquisition will help us to enhance the service offering to our clients and expand our geographic footprint across the South East.”
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.