Bridges backs Alina Homecare

Amy King
13 May 2014

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Bridges Ventures has committed capital to UK-based care provider Alina Homecare.

The company injected funds from Bridges Sustainable Growth Fund III, which closed on £125m in 2013, exceeding its £100m target.

The firm has recently completed its first acquisition, bolting on a family-run single-branch business in Hertfordshire with more than 100 staff. The bolt-on was supported by funds provided by Bridges.

Bridges typically invests £2-15m per transaction.

Company
Founded in 2014 and based in Brighton, Alina provides care services within the home. The company aims to work closely with its patients, local authorities, the NHS and other relevant organisations to improve integration between health and social care.

Alina opened its first branch on the south coast of England in March this year.

People
Garret Turley is a partner at Bridges and worked on the deal alongside investment director Ian Taylor and associate Pam Wei Liu.

Advisers
Equity – CMS Cameron McKenna, Jason Zemmel, Jenny Stephenson (Legal).
Company – Hazelwoods, Andrew Brookes, David Main, John Lucas (Legal); Harrison Clark Rickerbys, Richard Wilkey, Charlotte Thornton-Smith, Rebecca Leask (Legal)