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.
Administrators have engaged specialist business property adviser to market a landmark Nottinghamshire hotel for sale. Offers are invited from prospective buyers.
This premier US-based pet content brand, visited by a million users monthly, is a rapidly growing leader in the niche market, offering curated expert advice with no significant direct competition.
This US-based brand has experienced remarkable growth in the custom collectible market, thanks to its proprietary designs and robust customer base.
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.