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Secondary buyout for Graphite Capital

Graphite Capital, which was operating as F&C Ventures until last month, has backed Ridgmont Care Homes in a GBP16 million secondary buyout from Cinven. Cinven predominantly operates in the larger LBO market. Debt was provided by Fortis Bank and Vision Capital provided corporate finance advice as well as initiating the transaction.

Roger Storey formed Ridgmont Care Homes in 1995. Storey was previously managing director of Associated Nursing Services plc. Ridgmont Care Homes has a UK-based portfolio of 19 residential and nursing care homes. Under Graphite Capital’s direction Ridgmont Care Homes grow both organically and by further acquisition.