KCP offloads Nurse Plus in secondary MBO

Fri, 09 Jan 2015 | MBO/MBI

Canterbury-based healthcare recruitment firm Nurse Plus has been sold by Key Capital Partners (KCP) as the result of a secondary management buyout that was funded by Sovereign Capital.

Private equity firm KCP invested £6.5 million in the healthcare firm in 2012, receiving a large minority shareholding in the company. This move was part of a management buyout totalling £15 million.

KCP confirmed that it had received an "attractive return" on its investment in Nurse Plus, the latter of which saw turnover double over the course of 2014 to £35.5 million. The price that Nurse Plus was sold for has not yet been disclosed.

Mike Fell, investment partner for KCP, said: “We are convinced that Nurse Plus will continue to go from strength to strength.”

The sale of Nurse Plus represented the third exit for Key Capital Partners over the last year. It also offloaded Scunthorpe-based TSC Foods and furniture firm Neville Johnson, the latter of which was sold for £22 million in a secondary management buyout that was funded by Alcuin Capital Partners.

Related information:
Acquisition finance

Share this article

Latest Businesses for Sale

MOT Test and Repair Station
Leicester, Leicestershire, UK Wide

Retirement sale - Albion Street Garage The owners are seeking to sell this MOT testing and repair business and rent the premises which they own to the new proprietor. Albion street garage has a very good reputation and is situated in a resident...

Asking Price: £80,000
Turnover: £71,000


Day Spa
Manchester, UK Wide

A very reputable, award winning, day spa offering a selection of rejuvenating treatments is available in the bustling city of Manchester. Offers invited.

Asking Price: £315,000
Turnover: £600,000


Automotive Repair Business
Gloucestershire, UK Wide

This is a longstanding automotive repair business in Gloucestershire, now available for an interested buyer to purchase. Offers invited.

Asking Price: £925,000
Turnover: £414,249


View more businesses for sale

News Search

Latest News


Accountancy firm to expand in Scotland | BUSINESS SALE

A UK-based accountancy firm with offices peppered across the...


Recruitment firm acquires counterpart | BUSINESS SALE

Swindon-headquartered recruitment company Outsource UK has s...


Financial planning firm acquired by global counterpart | BUSINESS SALE

An independent financial advisory from Newcastle has been sn...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


Related News


MBO completed of Birmingham school meal provider | MBO/MBI

Birmingham-based school meals supplier Alliance in Partnersh...


Dwell is on the brink of entering administration | ADMINISTRATION

Furniture retailer Dwell is on the brink of entering adminis...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources