Sovereign Capital acquires London Care

Private equity firm Sovereign Capital has acquired London Care, a domiciliary care business, for £18 million. 


Private equity firm Sovereign Capital has acquired London Care, a domiciliary care business, for £18 million. 

Private equity firm Sovereign Capital has acquired London Care, a domiciliary care business, for £18 million.

The investor has committed total funding of £25 million to London Care and is in discussions to acquire a number of complementary domiciliary care businesses.

London Care operates from 13 sites across the UK and employs 1,500 staff. Sovereign has appointed former CEO of Clinovia Robbie Burns as chairman and Mark Harrison as finance director. Angelo Rombo will remain managing director of the business.
 
Dominic Dalli, a partner at Sovereign, said: ‘We have known and followed London Care since 2005 and witnessed strong growth in the business – revenues have increased to over £20 million driven by the increasing demand for high quality home care.’

 

Nick Britton

Lexus Ernser

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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