Mon, 02 Jun 2025 | BUSINESS SALE
A social care investment group carrying out a buy-and-build growth plan across the UK has secured new funding from Duke Capital to support its latest acquisition. Duke Capital provided Tristone Healthcare with £2 million to finance the acquisition of Serenity Care Homes.
Cheshire-headquartered Tristone Healthcare, led by founder and CEO Yannis Loucopoulos (pictured above), provides specialist residential, nursing and domiciliary care and support across two key end markets: high acuity adults with severe mental, physical or learning disabilities; and children and young people requiring care, support and specialist education.
The company has been backed by Duke Capital since 2021 and the latest funding increases the total credit financing that Duke Capital has provided to Tristone to £21.2 million. The deal will also see Duke invest a further £500,000 in additional equity into the business, increasing its stake from 21.3 per cent to 28.4 per cent.
Serenity Healthcare, which was founded in 2015, is a specialist in therapeutic care for service users aged 7 to 18. The business comprises two residential care homes located less than a mile apart in New Milton, Hampshire.
The acquisition of Serenity, which is the fifth Tristone Healthcare acquisition that Duke Capital has supported, enlarges and extends the group’s reach and impact in the social care sector.
Duke Capital Chief Executive Neil Johnson commented: "The acquisition of Serenity Care Homes will enable Tristone to cater for a growing number of young adults with complex needs, expanding its presence in the South of England.”
"Serenity’s established relationships with local authorities, who make up the majority of referrals, will deepen Tristone’s regional partnerships and reinforce its reputation for delivering high-quality care. Duke is also excited to invest additional equity into Tristone, increasing our stake in the business and supporting the ongoing growth of the platform."
Find out more about growing M&A activity in the UK's healthcare services market
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