Sovereign-backed City & County acquires Quality Care Services

This bolt-on follows the earlier acquisition of Guardian Homecare in September 2010, and Sovereign believes it will reinforce City & County's presence in Northern Ireland.

QCS is a Belfast-based domiciliary care business founded in 1994. It employs around 160 care staff who deliver around 4,500 hours of care per week.

Sovereign Capital backed the £18m buyout of London Care in September 2009. The private equity house committed a total of £25m to help fund a buy-and-build strategy for the company; this latest acquisition was financed by this earlier allocation, in addition to debt funding.

 

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• Topics
• UK / Ireland
• Healthcare
• Portfolio management
• Ireland
• Sovereign Capital