NBGI's Horizon Care acquires Educare

NBGI acquired Horizon Care for less than £25m in June 2012, planning to execute a buy-and-build strategy for the business.

Following completion of the deal, Horizon Care will operate 34 homes and seven schools across the British Midlands, adding new facilities in Staffordshire, Greater Manchester and Kent.

The Co-operative Bank provided debt for the deal.

Company
Educare is a care and education provider based in Newcastle-under-Lyme. It provides care and education services to children between the age of 11-18.

People
Belinda Berkeley and David Turner led the acquisition on behalf of NBGI. Thelma Turner is CEO of Horizon Care.

Advisers
Equity -  Hazlewoods Corporate Finance, Richard Dade (Financial due diligence); Pinsent Masons, Edward Stead (Legal); CIL, Giles Johnson (Commerical due diligence).

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• Topics
• UK / Ireland
• Portfolio management
• Healthcare
• NBGI Private Equity
• United Kingdom
• Acquisition finance