August Equity LLP (“August Equity”) is delighted to announce that Enara Group Limited (“Enara”) has completed three further acquisitions. The latest bolt-ons are Primary Healthcare (“Primary”), First Choice Community Support Services (“First Choice”) and Alpha Nursing and Care Services (“Alpha”).
Primary provides care in Henley-on-Thames, First Choice in Southampton and Poole and Alpha in the West Midlands. First Choice and Alpha were established in 2001 and Primary in 1991. All three businesses are rated 2 star or above by the Care Quality Commission. The businesses offer care to a range of clients for Local Authorities, NHS services and have a growing private customer base.
August Equity initially backed the Enara management team in 2008 to consolidate the fragmented domiciliary care market and the group now consists of 33 businesses. Enara is one of the leading providers of domiciliary care in London and the South of England.
Andy Dun, CEO of Enara, said: “We are pleased with the recent acquisitions each of which is well established in its local community and is renowned for its high quality service offering which is paramount to the success of our business.”
Commenting on the acquisitions, Aatif Hassan of August Equity, said: “We are delighted with the recent acquisitions at Enara. The group has now completed 33 acquisitions since its inception in 2008, and nine of these have been completed in 2011. We continue to see a strong pipeline of high quality potential acquisitions and expect to announce additional bolt-ons in the coming weeks.”
August Equity has been extremely active in the last month with the completion of the Advanced Vetcare – Rowe acquisition, the sale of Planit Holdings Limited and six bolt-ons across portfolio companies.