Elysian acquires Aspirations Care from August

The transaction is the sixth platform investment made from Elysian's £250m second fund, which held its final close in 2015 and was 60% deployed as of November 2018, according to Unquote Data. The fund typically acquires controlling equity positions in companies with enterprise values of £10-100m.

The deal brings to an end a seven-year holding period for August, during which time the business increased its turnover from £6.6m to £22m in the year ending in March 2019, according to a statement.

Previous funding
August invested in the buy-in management buyout of Aspirations Care via August Equity Partners II in 2012.

Company
Founded in 1986, Gloucester-headquartered Aspirations Care provides supported living services for adults with learning disabilities and complex needs. The business has a headcount of 950.

People
Elysian Capital – Edward Brett (partner); Ken Terry (CEO).
Aspirations Care Group – Christine Cameron (CEO).

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• Topics
• Buyouts
• Exits
• UK / Ireland
• Healthcare
• United Kingdom
• August Equity LLP
• Elysian Capital
• Secondary buyout