Consortium acquires Voyage Care for £375m

A major care acquisition has been confirmed this week with the sale of Voyage Care from Hg Capital to the private equity house Duke Street.

Currently listed as registered for a total 285 care homes within the UK, Voyage Care are the third largest provider in the country having expanded its portfolio earlier this year with the purchase of Primary Care.

Chief executive of Voyage Care, Kevin Roberts, commented optimistically on the deal, saying “We are very excited about the new partnership with Partners Group and Duke Street to support our business values and commitment to quality. The combined network and sector experience of our new partners provides the ideal platform to support us in further expanding our service offering throughout the UK while ever improving our quality standards for the people we are privileged to support.”

He continues: “We appreciate the excellent strategic support that Hg Capital has provided during their ownership, which has helped to establish Voyage Care as a leading specialist care provider with exceptional service quality.”

Duke Street partner Charlie Troup also commented: “This is a company and sector we know very well having owned the business and worked with management closely over a very successful period of its development through to its sale to Hg Capital. We have also worked closely with Partners Group and are delighted to be combining our deep knowledge of this sector to support the business through its next phase of growth while maintaining the very highest standards of quality care.”

Managing director of Partners Group’s private equity team, Andrew Deakin, says: “We are really looking forward to working with the whole management team of Voyage Care, particularly as it is the clear market leader with a reputation for providing very high quality care, together with Duke Street. Due to our strong global industry network, we are well-positioned to support the company’s buy-and-build strategy within a highly fragmented market, and continue to build its services which are of essential importance for the well-being of society.”

The acquisition was made by Duke Street as part of a consortium with French partner Tikehau and Swiss investment firm Partners Group. The deal also includes the exit of SL Capital Partners who previously held a 25 per cent stake in the company.

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