Bestport Private Equity completes sale of Oracle Care & Education
Bestport Private Equity (Bestport) has sold Oracle Care & Education Holdings Limited (Oracle).
The deal is the latest for the Bestport LP Fund and generated a return of 3.3x the investment. Headquartered in Congleton, Cheshire and Silsoe, Bedfordshire, Oracle provides high-quality bespoke packages of care, education and therapy for young people with extensive, complex and enduring needs who display high risk behaviours. Oracle’s aim is to provide an outstanding holistic service of care and education within a therapeutic environment.
Oracle Residential has 11 registered children’s homes, across Bedfordshire, Cheshire and Staffordshire. Situated in pleasant surroundings within active communities, all Oracle’s homes are detached. Oracle Education provides a range of education packages for young people aged 8 to 18 with Special Educational Needs and Disability including complex social and emotional needs such as ASC, ODD and PDA. The therapeutic care provided by Oracle Care has at its heart a thorough understanding of attachment theory, good parenting styles and an understanding of the many ways in which young people communicate their inner world. These elements are set against a backdrop of family-based work where appropriate.
Ole Bettum who led the transaction for Bestport, says: “Oracle is a high-quality residential care and education provider that more than doubled in size during Bestport’s ownership. It is testament to the resilience and quality of the business that the successful exit was completed during the challenging Covid-19 period.”