With Quinn advising on Management Due Diligence, Elysian Capital have announced their acquisition and investment in Aspirations Care (“Aspirations”) from August Equity, in conjunction with management. This represents the sixth platform investment in the Elysian Capital II LP Fund which closed in July 2015 at £250 million.

Aspirations Care (www.aspirationscare.com) is a specialist provider of supported living services for adults with learning disabilities and complex needs with revenue to March 2019 of over £22m. Founded in 2011, the Gloucester-based company now has over 950 staff supporting 650 adults in their own homes across England.

The demand for supported living is growing as a consequence of population growth, the longer life expectancy of individuals with acute needs and a trend of moving individuals out of residential or institutional care facilities into supported living to deliver better outcomes. Caring for individuals in their own home rather than in an institutional environment allows a more personalised approach with a focus on improving the individual’s independence and, consequently, “stepping down” support over time. As importantly for Local Authorities, supported living costs are less to deliver than residential care.

Edward Brett, Partner at Elysian Capital, said:

“Aspirations has built a reputation of providing high quality care to those with complex needs – and, most importantly, doing so in a caring and personal way. We are very pleased to have the opportunity to work alongside the business to continue to develop its care offering, in a managed, organic manner.”

Christine Cameron, CEO of Aspirations, said:

“This exciting opportunity with Elysian Capital will enable further investment in Aspirations Care, supporting our plan to grow the supported living services we offer to people with multiple and complex needs, whilst extending our current specialist services to new geographical areas.’’

‘’We feel that every person irrespective of need or complexity has the right to live in their own home, with the support that they choose. It is our mission and that of our staff to ensure that we support and encourage adults to recognise and achieve their potential.’’

Paul Quinn, Director at The Quinn Partnership, added:

“In Elysian the team will have a partner who will help guide them to achieve strong and sustained growth in a way that continues to develop their quality of delivery across their newly expanded offering.”

If you would like specialist advice regarding Management Due Diligence, contact us on 0161 924 2280.