Alantra advises McGoff Group on the sale of New Care to HIG Capital-backed Lovett Care

Nov 2024

Sell-side Advisory

London – Alantra, the independent global mid-market financial services firm, is pleased to announce its role as financial advisor to McGoff Group (“McGoff”) on the sale of its elderly care business, New Care, to HIG Capital-backed Lovett Care (“Lovett”). This transaction marks the fourth collaboration between Alantra and McGoff over the past three years.

New Care, one of McGoff’s core operational platforms, comprises 16 leasehold care home sites located primarily in the North West of England. The predominantly private payor platform serves residents across affluent micro-locations, achieving consistently impressive operational and financial results. The sale represents a key milestone for McGoff, releasing capital to support its longer-term growth strategy across its other platforms, including retirement living, build-to-rent, and nurseries.

Lovett Care, backed by HIG Capital, is a well-established player in the UK elderly care sector, with a focus on high-quality residential care. The acquisition of New Care significantly enhances Lovett’s existing portfolio and strengthens its market position within the sector.

This deal highlights Alantra’s continued expertise in healthcare real assets and builds on its longstanding partnership with McGoff. With future collaborations anticipated, Alantra remains committed to supporting McGoff’s vision and growth plans across its various platforms.