Ancala Partners acquires majority stake in Holmleigh Care Group
Ancala Partners (Ancala), an independent infrastructure investment manager, has acquired a majority interest in UK care organisation Holmleigh Care Homes Limited (Holmleigh), on behalf of its European Infrastructure Fund II (Fund II).
Ancala has partnered with Holmleigh's founders Rod Correia (Managing Director), and Matt Western, (Commercial Director), (together, ‘Founder Managers’) who will continue to own a minority interest in, and oversee management of, the Company through this next phase of growth.
Holmleigh was founded in 2000 and provides essential residential care, supported living and domiciliary care services to adults with a varied range of disabilities and challenges, with specialist expertise and practical experience in helping those with complex and challenging behaviours. Holmleigh provides its services across 31 homes in Gloucestershire, Wiltshire, Swindon and Worcestershire. It has a strong local market position with a reputation for the provision of high-quality care and has been working with and supporting Local Authorities and Clinical Commissioning Groups in delivering the government’s Transforming Care agenda.
Spence Clunie, Managing Partner, Ancala Partners LLP, says: “Holmleigh has an excellent reputation for providing high quality care services across its portfolio of homes, especially among its local authority partners, and its success is a strong testament to the vision and commitment of its Founder Managers. The Holmleigh team are delivering on the government’s objective of improving health and care services so that more people can live in the community with the right support.
“This transaction highlights our expertise in identifying investments across the UK and Europe that provide core social and economic needs to their communities, in turn seeing long-term benefits for all stakeholders. We intend to support and protect the legacy that the Founder Managers have built for the Company, while offering long-term capital to the Company to expand its critical service offering to the community and government.”
Rod Correia, Managing Director, Holmleigh Care, says: “We are delighted to have Ancala’s backing as our new partner. It is essential that we maintain our best in class reputation as we continue to deliver for our service users and government clients across the UK. We look forward to working with Ancala to build on the strong platform we have established, maintaining continuity in our high levels of service and expanding our footprint to provider further support to the country’s social care sector.”