Sovereign Capital's City & County makes ninth acquisition

The transaction was financed by debt, including a small amount of fresh debt provided by Lloyds Banking Group.

Sovereign's buy-and-build strategy has seen the company make eight previous acquisitions since its buyout in 2009. These include Sage Care, Community and Homecare Services, Careline Homecare, Quality Care Services and Guardian Homecare.

Sovereign bought City & County in a £18m MBO in 2009. It committed £25m in total to the company to fund its buy-and-build strategy. Further acquisitions are currently being assessed by the GP.

Company
Help at Home offers domiciliary care to the elderly and disabled people. The company was founded in 1995 and is based in the East Midlands, with branches in Leicester, Syston and Melton Mowbray, where it employs 322 people. Customers include Leicestershire County Council and Leicester City Council.

People
Partners Dominic Dalli, Jonathan Kay and Ed Goddard worked on the deal for Sovereign.

Advisers
Equity – KPMG, Andy Russell (Financial due diligence); Marriott Harrison, Dee Sian (Legal); James Cowper, Stuart Williams (Strategic due diligence); Lloyds Banking Group, Ian Crowther (Debt advisory).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Portfolio management
• UK / Ireland
• Healthcare
• KPMG
• Lloyds
• Sovereign Capital
• United Kingdom