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

E-Cigarette Retailer
Lichfield, Staffordshire, UK Wide

This is a perfect opportunity to take on a well-established vape business with three busy premises that are all brimming with stock. Appealing to a current owner-operator of an e-cigarette related business or an entrepreneur passionate about the indu...

Asking Price: Offers Invited
Turnover: £300,000


Vape Retailer & Lounge
Nuneaton, Warwickshire, UK Wide

Brilliant twofold business, which boasts a well-fitted premises, central location and solid customer base. Professional service and high quality products have helped to grow this business into the successful venture it is today. Current owner willing...

Asking Price: £140,000
Turnover: £300,000


Multi Brand Electronic Cigarette Retailer
Ashton-under-Lyne, Manchester, UK Wide

Profitable E-Cigarette retailer in a fast growing industry. Enjoys reputation for multi-branded E-cigarette retailer. Business is immaculately fitted to an exceptional standard. Currently operated under management with minimal owner involvement. Offe...

Asking Price: £125,000
Turnover: £416,000


View more businesses for sale

News Search

Latest News


Intermet Refractories completes MBO deal | MBO/MBI

Intermet Refractories, a metal casting component manufacture...


BT to sell off its fleet division | DIVISION SALE

BT Group is preparing to sell its fleet management arm encom...


Open Cell to merge with Stratto | MERGER

Global investment firm, Digital Colony has acquired Open Cel...

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