August Equity's Enara makes string of acquisitions
August Equity's portfolio company Enara, a British care provider, has completed four add-on acquisitions as part of its buy-and-build strategy.
The newly acquired companies are Angels Care Services, Training and Care Solutions Essex, Extracare and Home Comforts (South).
The expansion will support Enara's market position across the south of the UK.
Enara is following a buy-and-build strategey that has led to more than 30 acquisitions so far. The latest add-ons took place in April 2012, when Enara bought four homecare providers in Southern England and Wales.
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 homecare in London and the Home Counties. It focuses on care for the elderly and adults with learning difficulties and mental health needs.
Angels Care Services is a South Wales-based provider of homecare for the elderly and alzheimers and dementia patients established in 2001. Training and Care Solutions Essex was founded in 2008 and caters to clients across Essex. Extracare, based in South Wales, was founded in 1994. Home Comforts provides care services in Hampshire and Southampton since 1998.
People
Aatif Hassan, parter, led the deals on behalf of August Equity. Andy Dun is CEO of Enara.
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