Wed, 22 Sep 2010 | BUSINESS SALE
Private equity firm, Bowmark Capital, has placed its business Advanced Childcare, the provider of care for teenagers with behavioural challenges, on the market for over £30 million.
Based in Stockport, the company offers education and care services to 11-18 year olds with behavioural, social and emotional difficulties. It has about 250 staff.
Set up in 1996 by chief executive Riz Khan, Advanced Childcare runs a total of 25 care homes with 96 beds in the Midlands and the North West, along with a school with 36 places and a fostering service.
KPMG has been drafted in to act as advisers for the sale. It is thought likely that trade buyers and rival private equity outfits will place bids for the firm. The deal is expected to take place early next year.
A source close to the business commented: “The business has grown strongly and has had excellent ratings for the quality of the care it provides. It’s got a fantastic reputation and a strong management team. All options are being explored with a view to a sale.”
For the year to September 2009, the firm enjoyed revenues just shy of £11 million with operating profits of about £1m. The growth has been attributed to heightened occupancy, expansion and new contracts.
London-based Bowmark invests in the healthcare, leisure, business services media and IT sectors.
A company that has developed a unique transport refrigeration unit has now ceased trading and administrators are inviting offers for its assets. The assets include the IP for the above transport refrigeration unit.
The company is a whisky cask brokerage that also deals in fine wine, facilitating procurement, storage, and management services. The business’s primary provision involves acting for its clients in the purchase of new fill whisky casks, managing their...
The company is a reliable provider of office refurbishments and interior design solutions, with an extensive portfolio of high-value projects. Since its establishment, the business has developed a wide range of fit-out services, including complete re...
20
|
May
|
Dumfries precision machining firm falls into liquidation | ADMINISTRATION
A precision machining and fabrication firm based in Dumfries...
20
|
May
|
Tenby’s Imperial Hotel sold to new owner | COMMERCIAL PROPERTY
The Imperial Hotel, a 19th century hotel located on the seaf...
20
|
May
|
Medical product manufacturer undergoes private equity-backed MBO | MBO/MBI
A medical product manufacturer with operations in Worcesters...
20
|
May
|
Medical product manufacturer undergoes private equity-backed MBO | MBO/MBI
A medical product manufacturer with operations in Worcesters...
20
|
May
|
Tenby’s Imperial Hotel sold to new owner | COMMERCIAL PROPERTY
The Imperial Hotel, a 19th century hotel located on the seaf...
20
|
May
|
Dumfries precision machining firm falls into liquidation | ADMINISTRATION
A precision machining and fabrication firm based in Dumfries...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.