Sovereign Capital acquires London Care for £18m
UK private equity firm Sovereign Capital has acquired London Care, one of the biggest homecare businesses in the UK, for £18m.
Operating from 13 sites across the UK, including 11 offices in the South East, the company provides more than 30,000 hours of personal support per week to vulnerable people in their own homes, mainly under contract to local authorities and primary care trusts.
Established in 1995, London Care employs 1,500 staff, including 1,400 care workers, enabling those who have physical or psychological needs to manage their daily lives. In addition to assisting elderly people in their own homes, carers also support those with mental health needs as well as children and adults with learning disabilities.
Sovereign is bolstering the management team, led by Angelo Rombo as managing director, with the appointment of Robbie Burns as chairman and Mark Harrison as finance director. Mr Burns has specific experience of the homecare sector having been chief executive of Cl