Enara completes 30th acquisition

No additional equity was provided for the acquisitions, as August Equity already provided extra capital for add-on acquisitions at the time of the original buyout. In addition, HSBC provided a loan to fund the acquisitions.

By acquiring Colvin and Longacre, Enara hopes to strengthen its position in the south of England. Furthermore, Enara is looking to complete more deals with an undisclosed number of businesses in the coming months to continue its growth. The deals mark the company's 30th bolt on.

August Equity first invested £20m in Enara in 2008 and funded the company's buy-and-build strategy with an additional £23m.

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. Enara Group Ltd was established in 2008 as part of a buy-and-build strategy.

Colvin, established in 1978, is a provider of nursing, personal and domiciliary care in north and central London. Longacre provides domiciliary care with more than 90 staff in West Sussex.

Aatif Hassan worked on the deal on behalf of August Equity. Andy Dun is CEO of Enara.

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