Duke Street, a leading European mid-market private equity group supported by Souter Investments, has agreed the sale of Voyage Care (“Voyage Care” and the “Company”), a provider of specialist care in the UK, to Wren House, the London based infrastructure investment manager.
Founded in 1988, Voyage Care provides specialist care and support to people with learning and physical difficulties, brain injuries, autism, and other complex needs across the UK. A large majority of those supported by the Company typically require high levels of support throughout their lives. Voyage Care supports over 3,500 people and has more than 10,000 members of staff.
The Company's commitment to delivering the highest quality care is demonstrated by its industry-leading quality ratings. In England, 95% of Voyage Care's registered care homes are rated as Good or Outstanding by the independent Care Quality Commission, which far exceeds the market standard.
Souter Investments supported Duke Street in its acquisition of Voyage Care in 2014 as part of an investment syndicate including the Company’s management team and Partners Group. The Company is well positioned to continue consolidating the specialist care market whilst achieving its purpose of providing great quality care and support to those it serves.
Maurice Shamash, Investment Director at Souter Investments commented: “We would like to thank Voyage Care Chief Executive Andrew Cannon and his talented team for their hard work, ambition and dedication in developing the Voyage Care business, whilst all the while maintaining a staunch commitment to upholding and improving on the highest standards of care.”
“This completes another successful healthcare investment for Souter alongside our partners Duke Street, with whom we have enjoyed a long and successful co-investment relationship.”
For further information please see Duke Street’s press announcement at www.dukestreet.com.