European private capital group Metric Capital Partners (MCP) has completed its investment in Kedleston UK, a UK-based provider of care, education and support services for children with emotional, behavioural and learning disabilities.
Headquartered in London, Kedleston currently operates nine schools throughout the UK and has a broad offering, providing care and education services for children aged seven to 18. The company was established in 2007 and has developed through acquisitions and expansion of existing sites and currently offers a wide range of services including day, 38-weeks and 52 weeks placements.
MCP’s investment, largely through a credit instrument with equity participation, backs the management buy-out of the business from Lydian Capital, its previous owner. Alcentra invested alongside MCP on this transaction.
Giovanni Miele, partner of MCP, says: "We are delighted to be partnering with such an experienced management team. Our focus will be to further develop the business through new school openings and continue turning children’s lives around. This transaction is consistent with our investment philosophy, given the strong downside protection in our investment coupled with the opportunity to generate attractive risk-adjusted returns through our equity ownership.”
Miele will represent MCP on the company’s board of directors.
The investment in Kedleston follows the firm’s investments in LM Funerals in April 2012 and The Vincent Hotel Group in September 2012.
