London-based private equity house Agilitas has announced the acquisition of Exemplar Healthcare, a company providing residential nursing care.
The management buyout deal, understood to be worth around £150m, comes after Agilitas last week sold French company Ionisos to private equity giant Ardian.
Exemplar, based in Rotherham, operates 25 specialist nursing homes and employs 2,100 staff. Its revenue totalled £55m in the year to 31 March, according to Agilitas.
“Exemplar is one of the regional leaders in the care of individuals who live day to day with these complex conditions,” said Martin Calderbank, managing partners at Agilitas.
“We are excited by the opportunity to help Euan [Craig, the managing director of Exemplar,] and his team expand their operations and make Exemplar’s high standards of care available to many more people.”
The private equity company, which was founded in 2010, is currently investing the Agilitas 2015 PE Fund.
After selling its stake in France’s Ionisos, Agilitas now has stakes in Scandinavian emergency response company Recover Nordic, UK waste management firm Impetus and Scandinavian waste manager MH Gruppen.