August Equity LLP (“August Equity”), an independent private equity firm investing between £10 million and £50 million of equity in UK based companies, is proud to announce that it was named winner in the Investors category at the HealthInvestor Awards 2008.
August Equity’s Healthcare team, comprising partner Philip Rattle and investment director Aatif Hassan, beat strong competition, including shortlisted MMC Ventures and 3i to win the accolade.
August Equity invests in businesses involved in the provision of a wide range of health and care services, outsourcing, pharmaceuticals, medical products, diagnostics and devices. A survey commissioned by August Equity earlier this year highlighted Healthcare as the sector most likely to do well in the current market uncertainty.
The judging panel of leading healthcare experts included Professor Nick Bosanquet of Imperial College London, Sir William Wells, Chairman of Ashley House, Mike Parish of Care UK and Martin Green, CEO of the English Community Care Association.
The judging panel commended August Equity’s ‘hands on’ approach to supporting the companies they invest in, and the firm’s strong vision underpinned by first-class market research and timely injections of finance and expertise to ensure the benefits of investments are fully realised.
2007 was a busy year for August Equity’s Healthcare team with:
August Equity partner Philip Rattle said: “We are delighted to accept this award and are proud to be recognised for our work in this growth area. Our activities in 2007 featured both high calibre disposals and acquisitions and moving into 2008 we have continued to capitalise on the huge growth opportunities in the healthcare service industry.”
August Equity investment director Aatif Hassan said: “August Equity strives at all times to maintain the high standards that have been central to the success of the healthcare companies in which it invests. We have a world class network of healthcare operators and advisors to help support the companies we invest in and we look forward to continuing this successful strategy for the remainder of 2008 and beyond.”
In January 2008, HHG acquired Manorcourt Care and in February 2008 Lifeways acquired Kentwood. In April 2008 the £75 million disposal of HHG to Bowmark completed, by which time the group operated 900 beds across 21 homes making it the leading elderly residential care provider in East Anglia providing specialist care to the Elderly and Mentally Infirm (EMI).