Mid-market private equity house Graphite Capital has upped its equity interest in nursing homes operator Avery Healthcare (along with management) to £23 million, in order to aid the latter’s ambitious expansion plans.
Graphite Capital has pledged an initial £9 million of equity to Avery Healthcare, a group eager to establish itself as a mid-sized player in the UK’s nursing and dementia care homes market.
Barclays Private Equity has sold its stake in residential care business CareTech back to the company’s management – after three years of investment – ahead of a reported £50 million AIM flotation.
Careforce, a provider of care for the elderly and infirm, wants to raise £7 million ahead of a proposed flotation on AIM this November arranged by Arbuthnot.
