August Equity sells UK’s third largest independent children’s fostering agency, Compass Community, to Graphite Capital


August Equity has completed the sale of Compass Community to Graphite Capital for an undisclosed amount. Compass is the UK’s third largest independent children’s fostering agency and it also operates care homes for children.

Compass has grown rapidly since August invested in the business in 2012. It has brought together several well-established, independent fostering agencies and residential care homes under one brand. The existing management team will continue to lead the company.

Compass’s fostering service operates from 17 offices in five regions nationwide, all rated as outstanding or good, which provide support and training to its more than 980 foster carers. Their 12 children’s care homes provide an environment which mirrors normal family life as much as possible. The emphasis is on individualised care, therapy and education, providing stability and continuity for the children as they progress towards independence.

Bernie Gibson, Managing Director of Compass, said: “Our child-centred approach is at the heart of our company ethos. Graphite Capital has successfully supported a large number of high-quality companies in the care sector. Backed by their experience, we look forward to growing our business further, helping even more children. This transaction gives us additional financial resources to partner with more local authorities across the UK based on the high quality of our service.”

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