NBGI Private Equity has acquired children’s care provider Horizon Care for an undisclosed amount.
The firm said it was committing additional funds to enable the further development of Horizon’s services to local authorities.
Horizon Care looks after children with severe emotional and behavioural difficulties. The group currently operates 13 residential homes and three schools located in the West Midlands, North West and Kent.
Horizon said it will use the cash to offer local authorities a range of “complimentary services” that deliver “positive outcomes” for young people and their families.
Thelma Turner, who has 35 years experience in the social care sector, is being brought in as chief executive for the business. David Burton, who has also previously worked in social care, has been hired as financial director.
Belinda Berkeley, who led the transaction for NBGIPE and will join the board, said: “I am delighted to have the opportunity to work with a dedicated and passionate management team to assist in Horizon Care’s future growth, building on the business's existing strengths and creating a leading multi-regional children’s care provider with a reputation for positively changing children’s lives whilst offering long-term value for local authorities.”