Bridges-backed Alina in second bolt-on
Bridges Ventures-backed Alina Homecare has completed the acquisition of a homecare provider in the Midlands.
The deal marks Alina's second bolt-on, following the acquisition of a family-run single-branch business in Hertfordshire in May 2014. Bridges is not thought to have provided additional capital to finance the deal.
Alina, which aims to improve standards of care within the home, has doubled in size with the addition of the new company.
Previous funding
Bridges backed the Brighton-based company in May this year, using its Sustainable Growth Fund III vehicle to fund the transaction. The venture capital firm typically invests £2-15m per deal.
Company
Founded in 2014, 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 and is in the process of opening a further two branches in the region.
People
Garret Turley is a partner at Bridges. James Deeley is CEO of Alina.
Advisers
Company – Hazlewoods (Legal); Harrison Clark Rickerbys (Legal).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds









