Cairngorm Capital expands into care sector with latest acquisition

A London-based investment company has entered the assisted living sector with its latest acquisition.

Private equity firm Cairngorm Capital has acquired Southampton-headquartered Millbrook Healthcare.

Millbrook Healthcare, which has 29 service centres across the country, specialises in mobility equipment, assessment services and home-based adaptations that aim to help service users live independently at home for longer.

The acquistion, which marks the firm’s 21st proprietary transaction since July 2016, follows the purchase of builder’s merchants Fairalls last month and of Stamco in June - with all deals advised by property consultant Vail Williams.

Alex Bayliss, managing director at Cairngorm Capital, commented: “As investors we are actively engaged in the strategy and operational development of our portfolio companies.

‘We’re grateful to Peter and the team at Vail Williams for the invaluable property advice they have given throughout the process, and continue to provide us with, as we seek out opportunities to develop our portfolio across our core industries.“

Peter Sudworth, partner at Vail Williams added: “We are delighted to have supported Cairngorm over the past 12 months with their strategic property needs.

“By providing them with industry insight and property due diligence expertise, we’ve enabled the company to forge ahead with its buy and build strategy as it continues to expand its business.”

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