Sovereign’s Eden acquires Essential Futures

The deal is in line with Sovereign's investment strategy for Eden; to expand the company's geographic footprint.

Previous funding
Sovereign invested in the management buyout of Eden in September 2010. More recently, Sovereign supported the company's acquisition of Lincoln-based Housing & Support Solutions (HASS).

In January this year, Eden opened Brentwood Hospital, which includes six self-contained apartments.

Company
Established in 1999, Essential Futures provides domiciliary care and support for adults with disabilities and support needs. It provides more than 5,600 hours of care each week to 80 individuals throughout Coventry, Rugby, Nuneaton and surrounding areas. The company also offers day services, including self-help skills and occupational therapy.

Eden, founded in 1994, is a supported living provider for adults with learning disabilities. When first acquired, its main geographical focus was Newark, with further offices in Nottinghamshire, Lincolnshire and South Yorkshire.

People
Dominic Dalli is a partner at Sovereign. Alistair How is group CEO of Eden.

Advisers
Equity – Hazlewoods, Andrew Brookes, Richard Dade (Financial due diligence); Pinsent Masons, Edward Stead, Tom Garbett (Legal).

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