Graphite’s City & County buys ICCM
City & County Healthcare, backed by Graphite Capital, has acquired Independent Community Care Management (ICCM) from Livingbridge.
The deal marks City & County's sixth bolt-on since being purchased by Graphite.
Graphite acquired City & County from previous backer Sovereign Capital in December 2013, in a deal thought to be worth £120m. Sovereign had been invested in the business since 2009 and supported its growth through 15 bolt-ons.
Livingbridge acquired ICCM in November 2011, investing through its Baronsmead VCT funds.
Company
ICCM provides complex homecare to adults and children with brain injuries, ventilator requirements, spinal cord injuries and degenerative disabilities. The business is present in the Midlands and London.
City & County provides domiciliary care, predominantly for the elderly, as well as specialist care for young people and adults with learning disabilities, mental health needs and brain injuries.
People
City & County – Craig Rushton (CEO).
Advisers
Equity – KPMG (financial due diligence).
More on Exits
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Ares Management handed keys to two-thirds of UK sponsor’s portfolio
Lender provided GBP 500m for three of the GP's deals between 2016 and 2019, Debtwire reported
Actera Group explores strategic options for Celebi Ground Handling
Several investors placed bids for the company in 2022 but mismatch in pricing didn't lead to a deal
Main Capital’s Assessio to be sold to Pollen Street
Recruitment software company tripled in revenue under Main Capital’s ownership
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater