Connell Consulting produced vendor commercial due diligence for the sale of European Care Group by DE Shaw and Varde Partners.
US-based hedge funds DE Shaw and Varde Partners have acquired one of the UK’s largest care businesses, European Care Group (ECG).
Ted Smith, chairman, said: “Following this new investment, we are in an extremely strong and stable financial position. As part of this process, we have also been able to simplify our corporate structure, which is now fully based in the UK. We are going to further invest in our services and our staff, all for the benefit of the people we support.”
The company operates residential care homes for the elderly and provides support services for young people and adults with learning disabilities, autism, brain injuries, mental health problems and special educational needs.