Sovereign raises second investment fund

Posted on June 1st, by editor in Caring Times. No Comments

Independent UK private equity investor Sovereign Capital, with a number of specialist healthcare service companies in its portfolio, has raised £275 million for its second fund, Sovereign Capital Ltd Partnership II. Healthcare services will continue to be a focus for the new fund. Sovereign’s investments in the sector include CHOICE, a group of residential homes providing specialist services and residential care to adults with complex needs and learning disabilities; TRACS a group of residential homes for adults with mental health needs, and the Complete Group, a major provider of specialist care services for young victims of complex injury. Sovereign partner Andrew Hayden said many of his company’s investments had been in family or privately owned businesses facing succession issues, such as retirement. “Whether through acquisition of the entire business, or strengthening the management team through a management buy-in or management buy-out, many of the companies in which Sovereign has invested have, post-i

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