Care Management Group
Sector |
Healthcare and Education |
|---|---|
Status |
Realised |
Deal Type |
Management Buy-out (MBO) |
Provider of residential care and supported living services for children and adults with learning disabilities.
ISIS backed the £30million deal in March 2003, enabling Chief Executive Michael Buckingham to buy out co-founders and offer the management team equity. Refinancings in July 2005 and August 2006 raised over £180m to repay ISIS and fund further growth.
"Six private equity houses were interested in this deal. I chose ISIS because they wanted to work closely with us to build the business. Their genuine interest in, and empathy for, the business when they visited our homes impressed me."
Michael Buckingham, Chief Executive
Timeline
2003 - ISIS backs £30m buyout