August Equity's Enara makes four add-on acquisitions
August Equity's care business Enara has acquired four care providers to strengthen its position in Wales and Southern England, in a transaction valued at less than ТЃ25m.
Upon completion of the acquisitions, Enara will have bought 40 companies as part of its buy-and-build strategy. In February, Enara acquired Freedom Social Care Recruitment, Rise and Shine Care and Croft Community Services. The latest add-ons were financed via an RBS acquisition facility.
August Equity bought the care provider for £43m in October 2008 with the strategic objective of using the company as a buy-and-build platform.
Company
London-based Enara is an independent provider of private and social services-based home-care in London and the Home Counties. It focuses on care for the elderly, and adults with learning difficulties and mental health needs.
The four new portfolio companies are Premier Home Services, based in Tenby; At Home Community Care, based in Wisbech, Huntingdon and Chatteris; Heart to Heart Care, based in Carterton; and Delight Care, based in Abingdon and Marlow.
People
Aatif Hassan, partner, is responsible for Enara at August Equity. Andy Dun is CEO of Enara.
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