Thu, 14 Nov 2024 | BUSINESS SALE
Private equity backed Swanton Care has bought counterpart Oaklands Support as part of its expansion drive.
Coventry-based Swanton Care is a residential care and supported living services business providing services for adults and children with complex learning difficulties, mental health disorders, and acquired brain injuries. It is backed by London investor Apposite Capital.
It posted a turnover of £83.5 million in the year to December 31, 2023 up from £66 million the previous year. It highlighted its good working relationships with local authorities and investment in staff development as being crucial in its performance.
Established in 2019, Derbyshire-based Oaklands currently supports more than 50 individuals through its mental health services.
James Kidd, who co-launched the Oaklands business with Debbie Stojak, said: "Swanton's investment in Oaklands provides an excellent opportunity for Oaklands to continue to grow and develop its people, practices and service. Swanton's values and ethos closely matches our own vision for the future, and we feel this is an important and exciting step in the growth and development of the service."
Flint Bishop's corporate and finance team, led by partner Mark Wilcock, advised the shareholders of Oaklands Support on the sale.
Flint Bishop worked alongside Bates Weston, which provided accounting and corporate finance advice to the sellers.
Wilcock said: “We are delighted to have advised our clients on this local transaction. It was great to work with the team at Bates Weston again and we wish our clients and Swanton Care the very best for the future.”
Kate Evans, senior manager at Bates Weston Corporate Finance, added: "The Oaklands shareholders have built a business which will provide Swanton with a strong and established platform in Derby. As a firm we have worked within the learning disabilities and mental health sector for over two decades and have completed a number of these transactions working alongside the Flint Bishop team."
Find out more about how to develop a corporate compounding model to boost growth
The company delivers a high standard of domiciliary care to adults, tailoring its services to the needs of individual clients. Specialising in caring for highly debilitated individuals with complex needs, particularly those with life-shortening neur...
LEASEHOLD
Associate-led dentistry with principal happy to remain as for up to 3 years or as long as is necessary.
LEASEHOLD
Opportunity to purchase a dental practice with a tenant in situ. Principal is happy to stay and accept an earn-out, demonstrating the safety of your investment.
FREEHOLD
05
|
Dec
|
Sokin eyes up Europe after Settle acquisition | BUSINESS SALE
UK payments firm Sokin has bought Norwegian fintech Settle G...
05
|
Dec
|
Foster Denovo back on acquisition trail | BUSINESS SALE
Foster Denovo has made its sixth acquisition in the last 12 ...
05
|
Dec
|
Caledonian Logistics calls in administrators | ADMINISTRATION
Inverness-based Caledonian Logistics has appointed administr...
26
|
Nov
|
Derbyshire Specialist Aggregates builds up business with new deal | BUSINESS SALE
Derbyshire Specialist Aggregates has continued building up i...
09
|
Sep
|
Law firm enters Leeds market with acquisition | DIVISION SALE
Law firm Flint Bishop has entered the Leeds market with the ...
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.