Apposite's Swanton bolts on GRS and Values In Care

The development comes 22 months after Apposite originally acquired a majority stake in Swanton and four months after the business bolted on Courtyard Care, a provider of specialist residential childcare.

The latest acquisitions will increase Swanton's presence in Wales, in addition to expanding its range of services.

Apposite is invested in Swanton via the £144.5m vehicle Apposite Healthcare Fund II, which held a final close in June 2018.

Companies
Founded in 1995, Swansea-headquartered GRS provides domiciliary care and supported living services for adults with learning disabilities across south-west Wales.

Headquartered in Cardiff, Values In Care provides 24-hour supported accommodation for adults with complex learning disabilities, mental-health-related issues and other challenging needs. It operates 18 sites across east Wales. The business generated an operating profit of £1m from a turnover of £7.2m in the year ending in January 2018, according to publicly available documents.

People
Apposite Capital – Anne-Laure Meynier (investment director).

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