Eden Futures further expands geographic reach with latest acquisition

Sovereign Capital, the UK private equity Buy & Build specialist, is pleased to announce the acquisition of Supported Homes Limited by its supported living business Eden Futures.

This is Eden Future’s third bolt-on acquisition in the last 16 months. The acquisition expands the Group’s service footprint into the West Midlands, mid-Wales and the North West.

Established in 2006, Supported Homes works with service users predominantly with enduring mental health needs. Their high quality service provision complements that of Eden Futures; it’s centred around providing care and support for adults with disabilities and support needs, in their own homes. Supported Homes operates eight homes providing care to over 40 people. The acquisition brings the Group to approaching 2000 staff who support nearly 800 individuals with a range of disabilities, across England, and brings further diversity to the Group’s care provision.

George Williams, Investment Director, Sovereign Capital, said: "We are delighted to see Eden Futures continue to go from strength to strength. The acquisition of Supported Homes both further strengthens Eden Futures’ service offering and gives a much broader geographical footprint which progresses the group towards national coverage. We continue to look for further opportunities to develop the business both organically and through carefully selected acquisitions."

Ted Smith, Chairman, Eden Futures, said: "Supported Homes provides high quality care for services users which has earned the company very strong relationships with Local Authorities and Clinical Commissioning Groups. We welcome the opportunity to work with the Supported Homes staff and to respond to the demand for this high-quality service care provision."