BGF exits The Good Care Group in trade sale to Sodexo UK

The vendor said in a statement that the investment generated "strong returns for all shareholders", which included a number of employee stakeholders.

Since BGF's initial investment three years ago, the company has invested in digitalising the management of its care plans and interventions, in addition to recruitment and marketing activity. The GP also supported the integration of Oxford Aunts into the group, which The Good Care Group acquired the year before receiving backing from BGF.

Following the deal, the group's founder and CEO, Fiona Lowry, and its financial director, Steve Crowther, will step down from their senior management positions and take on consultative roles at the business.

Previous funding
BGF invested £2.5m in The Good Care Group in 2016, with Santander providing additional debt funding to support the deal.

Company
Founded in 2009 and headquartered in Newbridge, near Edinburgh, The Good Care Group provides home care to elderly people with medical conditions such as dementia, Parkinson's, multiple sclerosis and motor neurone disease.

People
BGF – Will Gresty (investor).
The Good Care Group – Fiona Lowry (CEO); Steve Crowther (financial director); Belinda Berkeley (managing director); Dominique Kent (chief operating officer).

Advisers
Vendor – KPMG, Andrew Nicholson, Al-Munther Sultan (corporate finance); Pinsent Masons, Joanne Ellis, Daniel Braithwaite (legal); Kingston Smith (tax).
Acquirer – Phoenix BSC (corporate finance); Eversheds Sutherland (legal); Mazars (financial due diligence); Deloitte/Taj (tax).

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• Topics
• Exits
• UK / Ireland
• Healthcare
• United Kingdom
• BGF (Business Growth Fund)
• Trade sale
• Deloitte
• Mazars
• Eversheds
• Pinsent Masons
• KPMG