RDCP Care buys second care home
One of the biggest care homes on the Welsh borders, St Nicholas House in Montgomery, has been acquired by RD Capital Partners (RDCP Care) in a leveraged buyout deal supported by a seven figure funding package structured by Allied Irish Bank (GB).
Purchased from its previous owners, Roger and Sheila Hill, the 49-bed purpose built nursing home is RDCP Care’s second care home acquisition this year after completing the purchase of Kings Bromley care home in Staffordshire, their flagship care home in the Midlands.
Established in July 2015 by Sameer Rizvi and Iryna Dubylovska, RDCP Care is the care home management arm and subsidiary of London based investment firm, RD Capital Partners LLP. This is an important milestone for RDCP Care as the group’s enterprise value (EV) has now risen above £10m and the number of employees is now more than 130.
The management team are also proud of the fact that they managed to fuel this growth without selling any equity or board seats to any outside investors.
Newly promoted Regional Manager, Rosie Howell, will be overseeing the operations and working closely with the Manager of St Nicholas House, Stephen Evison. St Nicholas House was established as a residential care home in 1986, and was extended in 2010 to become a fully purpose-built nursing home.