Maven backs Acton Banks in MBO
UK-focused private equity house Maven Capital Partners has led the management buyout of Acton Banks Healthcare, a UK healthcare staffing business.
The transaction includes an investment of £9.65m from Maven in addition to investment from the senior management team.
The fresh capital will enable Acton Banks to continue to roll out its operating model, further enhance its service offering, as well as expand into new territories outside the Midlands and the north-west.
Deal marks the third investment from Maven's UK Regional Buyout Fund. It bought a stake in hardware supplier UAP earlier this year, following the acquisition of Scotland-based John McGavigan, a manufacturer of complex decorative plastics and assemblies for the global automotive sector.
Company
Established in 2006 and headquartered in Wolverhampton, Acton Banks is a specialist healthcare recruitment agency based in the West Midlands.
The company places registered nurses and healthcare professionals throughout the Midlands and north-west England into nursing homes, NHS hospitals, care homes, residential homes and rehabilitation centres in both the private and public sector.
People
Maven Capital Partners – Andrew Ferguson (partner).
Acton Banks Healthcare – Dharsa Mander (CEO).
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