Robinia Care Group
one of the UK's leading providers of care to people with profound learning difficulties, operated a portfolio of 50 homes with over 400 beds located across the Midlands and the South of England when Bridgepoint acquired it in 2003.Investment overview
| Sector | Location | Acquired | Deal size | Exit date |
|---|---|---|---|---|
| Healthcare | UK | 2003 | €53m | 2006 |
The company had originally been the subject of a secondary buy-out that had been funded exclusively by debt and mezzanine finance. Management concluded that it needed institutional investor support to provide longer term finance to grow the business further both organically and by acquisition. At the time there was a shortfall in available beds for the UK learning disability market. Under Bridgepoint ownership Robinia developed through a combination of bolt-on acquisitions and organic roll-out of new homes, taking bed numbers to 500 by 2005.
In January 2006, the company was sold to Barclays Private Equity.