We are delighted to have advised Kingly Care Partnership on their sale to Active Assistance Group.
Kingly Care, based in Hinckley Leicestershire, provides specialist residential care for adults with acquired brain injuries and neurological disorders. Kingly Care was established in January 2007 when the founders purchased Kingly House, transforming a former hotel through an extensive refurbishment to become its flagship care establishment.
Kingly Care now operates three adjacent homes with the newest facility, Kingly Croft, opened in November 2013, bringing the total capacity to 28 en-suite bedrooms. With the business entering its next phase of growth, the shareholders were keen to explore possible options in realising value given the attention they had attracted from several interested strategic acquirers.
We have excellent knowledge of specialist care homes having advised on a number of transactions in the sector. This knowledge, combined with existing relationships with key strategic buyers, resulted in a competitive process delivering an excellent outcome for the shareholders.
The transaction was completed with August Equity's portfolio company Active Assistance. Active is a national provider of live-in care service for adults and children with spinal cord injuries and neurological conditions. August Equity initially invested in the business in March 2010.
