Private equity firm Ares Management Corporation is acquiring Exemplar Health Care from pan-European mid-market private equity firm Agilitas. Financial details of the transaction were undisclosed.

Agilitas backed the buyout of Exemplar in July 2016.

Exemplar provides person-centred, specialist nursing high-acuity care to individuals living with complex physical and mental health needs in the UK.

The company’s homes are based across Yorkshire, Humberside, the Midlands, and the Northeast and Northwest of England, and look after adults living with mental health conditions, neurodisabilities, complex dementia, autism and learning disabilities, as well as those suffering from brain injury, spinal injury and stroke.

Liam Goddard of Agilitas said: “It has been a pleasure to work with the Exemplar team and to help them have such a positive impact on the lives of so many people. The dedication of the Exemplar staff to their calling has been particularly evident in this challenging year.”

John Whitehead, chief executive of Exemplar Health Care, added: “We want to thank the Agilitas team for their important contributions to Exemplar’s work, and their relentless support of our mission to make every day better for those in our care and for their loved ones. We are now excited to begin the next step in our journey with the support of our new sponsors at Ares.”

Martin Calderbank, managing partner at Agilitas, said: “Our investment in Exemplar is a clear example of our focus on supporting companies that answer fundamental human or planetary needs. The partnership between Agilitas and Exemplar has been one that was formed on having a joint, rigorous approach to the pursuit of care quality. We are proud to say that under Agilitas’s stewardship Exemplar’s care became even better, and, through this transformation, the company has improved the lives of many people.”

Advisors to Agilitas included: Macquarie Capital (sell-side corporate finance); Pinsent Masons (sell-side legal, and legal/regulatory due diligence); PwC (sell-side financial due diligence); Connell Consulting (sell-side commercial due diligence); Grant Thornton (sale and purchase agreement accounting support); Ashurst (fund legal); EY (fund tax); Deloitte (sell-side tax).

Date published: November 10, 2020

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