Sovereign Capital completes portfolio acquisition

UK private equity firm Sovereign Capital has backed its social housing services company Kinetics Group to acquire The Lord Group. Lord is a Rochdale-based fabric maintenance provider to the Greater Manchester social housing sector.

Following several significant acquisitions, Kinetics Group has grown from a US$64m (£32m) revenue business in 2006 to a company with annual sales in excess of US$199m (£100m) today.

Sovereign Capital acquired Kinetics Group in March 2007 to benefit from increased UK Government spend on social housing maintenance.