Alantra advises on the sale of Ideal Carehomes to HC-One



Oct 2023
Sell-side advisory

London – Alantra, the independent global mid-market financial services firm, has advised the shareholders of Ideal Carehomes on the sale of the care provider to HC-One. The sale includes 36 care homes in England, with a further care home expected to open in Cheltenham in September 2024. The transaction is an exit for Warwick Capital Partners, a global private equity and credit firm, and LNT Group.

Ideal Carehomes is a highly regarded care provider, with residents at the heart of everything they do. They pride themselves on delivering high quality care, as evidenced by their CQC ratings, award wins and the great family feedback they receive.

With a shared commitment to delivering high quality, kind care, HC-One and Ideal Carehomes look forward to growing together and learning from each other so they can continue to support residents to lead their best lives.

Ideal Carehomes and HC-One have a complementary geographic reach, with Ideal Carehomes also demonstrating they have an excellent model of developing, opening and running successful homes in a sector that is not seeing enough new builds. Working with Ideal Carehomes is a natural partnership for HC-One as it looks to further enhance its portfolio and expand its offering and choice to people throughout their care journey.

Acquiring Ideal Carehomes is a significant step in HC-One’s mission to be the first choice for families, colleagues and commissioners, serving at the heart of each of its communities.

The transaction was led by Justin Crowther, UK Head of Healthcare at Alantra, with input from Franck Noat, Head of Healthcare in France, and supported by Matt Kumeta and Tom Tett, both members of the Alantra Healthcare Team.

Justin Crowther, UK Head of Healthcare at Alantra, said, “It was a pleasure to have advised the shareholders of Ideal Carehomes on the sale of the business to HC-One. The partnership with HC-One brings together two leading care providers, with strong reputations in the sector and an exciting opportunity to increase the care options for people.”

Stacey Linn, Managing Director of Ideal Carehomes, said, “Ideal Carehomes has grown and developed substantially over the last few years, with quality and person-centred care always being our priority. We are in an enviable position of being at the forefront of our industry and it has been a pleasure to bring the business to this point alongside our professional, dedicated and hardworking team. Our positive reputation and many industry awards are testament to the commitment of the people working in our homes up and down the country and I am so proud of the way they make a difference to the lives of our residents. It is now time for Ideal Carehomes to take the next step and continue this exciting journey as part of the HC-One family.”

Related Transactions