Partners Group, Duke Street and Tikehau to lead GBP375m acquisition of Voyage Care
A consortium of Duke Street, Partners Group and Tikehau are to acquire Voyage Care on behalf of their clients from HgCapital, in a GBP375 million transaction.
Voyage Care, headquartered in Lichfield, UK is a provider of specialist residential services and supported living for people with learning disabilities, associated physical disabilities, autistic spectrum disorders, acquired brain injuries or other complex needs.
Under HgCapital ownership, Voyage has grown to a business with approximately 8,500 employees, supporting over 2,000 people across 290 care homes as well as supporting approximately 1,000 individuals in supported living and their own homes.
“We are very excited about the new partnership with Partners Group and Duke Street to support our business values and commitment to quality,” says Kevin Roberts, chief executive officer at Voyage Care. “The combined network and sector experience of our new partners provide the ideal platform to support us in further expanding our service offering throughout the UK while ever improving our quality standards for the people we are privileged to support.”
“This is a company and sector we know very well having owned the business and worked with management closely over a very successful period of its development through to its sale to HgCapital,” says Charlie Troup, Duke Street partner. “We have also worked closely with Partners Group and are delighted to be combining our deep knowledge of this sector to support the business through its next phase of growth while maintaining the very highest standards of quality care.”
Philipp Schwalber, a director in HgCapital’s Services team, says: “We wish Voyage Care every success under its new ownership. HgCapital is proud to have supported Voyage Care in becoming a quality leader in its market and invested in its growth. Voyage Care operates as an industry champion, has a strong management team in place, a clear strategy, and above all, a culture which ensures absolute commitment to providing the highest levels of service to those under its care. This is a strong base from which Voyage Care can continue to grow.”
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