August bolts on Kentwood for Lifeways

August Equity, a UK mid-market investor which announced a new hire today, has also backed portfolio company Lifeways Community Care’s acquisition of Kentwood, a provider of care and support to adults in residential domiciliary and supported living environments.

No price was given for Kentwood, which offers specialist care to people with challenging needs such as autism, mental health disorders, physical disabilities and learning disabilities.

August Equity, formerly known as West Private Equity until its original backers WestLB sold their investment in the management company, bought Lifeways for an undisclosed sum last July. Along with debt from HSBC, August said that it has investment close to £60m to the buy-and-build strategy.

August Equity has a strong track record in healthcare buy-and-build with its Healthcare Homes Group, which has acquired Meadow House, Claremont Nursing Home, Aldringham Court, The Manor House and PriMed Group in the last two years.