UK - Granville buys care services firm

Choices was founded in 1995 and today employs approximately 690 staff across Scotland and North East England. The group provides up to 24 hour care and support either in a residential home (residential care) or in a client’s own or rented home (supported living). The business currently supports approximately 130 service users. Choices also operates a day centre where individuals who are looked after in alternative settings attend on a daily basis, it also has a domiciliary care operation providing flexible support packages in a client’s own home.

Choices’ success to date has been built on the provision of high quality flexible care packages designed around the needs of the individual service users. This strategy has given the company a strong presence in the Scottish market where it is the leading private provider of these services and a basis on which to develop its activities south of the border where it has recently been awarded a number of new contracts.

Granville Baird Capital Partners in Europe and its sister company Baird Capital Partners in the US have significant experience of investing in the healthcare sector. Other healthcare companies backed include Corin, Ultralase, Healthcare Scotland, Castlecare, Stericycle and Celleration.

The Granville Baird Capital Partners team comprised Andrew Ferguson, Chris Harper and Nigel Guy. Andrew Ferguson commented, 'Choices is one of the market leaders in Scotland in the provision of supported living and residential care for people with learning disabilities. The business is highly regarded by its customers for the quality of care provided. Management’s strategy is to capitalise on the company’s considerable strengths in order to develop the business further in Scotland and areas such as North East England. I believe that acquisitions will be a feature of this further development. We are pleased to be working with them at this exciting time in the company’s development.'

Thelma Turner, executive chairman of Choices, added, 'The support of Granville Baird Capital Partners will enable us to significantly develop our services in Scotland and across a broader geographical footprint. We intend to continue to invest significant resources to ensure that our care provision remains of the very highest quality.'

Ally Scott, head of leveraged finance for Barclays in Scotland said, 'We are delighted to be funding another MBO in Scotland and to be associated with a high quality business with such a strong reputation'.

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• Topics
• Buyouts
• UK / Ireland
• Healthcare