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 at the larger LBO end of the market. Debt was provided by Fortis Bank and Vision Capital provided corporate finance advice as well as initiating the transaction.
Ridgmont Care Homes was formed in 1995 by Roger Storey. 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 plans to grow both organically and by further acquisition.