Sale of ProCare (Wales) Limited to specialist healthcare investor Tristone Capital

Deal typeM&A & Private Equity

Procare is one of the UK’s leading high acuity care businesses, providing specialist residential and community care services to individuals between the ages of 16 and 64 with complex support needs.

Buy and build Investment group Tristone Capital, through its care division Tristone Healthcare, looks to acquire high-quality businesses with strong fundamentals delivering outstanding care and support to the vulnerable people that need it most.

The transaction provides Procare with an exciting opportunity to build on its outstanding reputation and to expand the number of individuals it can support. In Tristone, Procare has found a partner which shares its values and is committed to continuing to provide the highest standard of care.

“BDO were excellent from start to finish in supporting me through this transaction. The team had a real desire to understand the business and what sets us apart and were brilliant in ensuring this was reflected throughout. Their work in identifying potential investors really helped me in ultimately choosing the right partner and being able to achieve my objectives both personally and for the business.”

Helen Shepherd, Managing Director and Shareholder, ProCare (Wales) Limited

"We are delighted to have supported Helen on this transaction. Procare is an excellent business with an outstanding reputation and strong operational team, and it was important that we found a strategic partner who understood and mirrored its commercial values. The healthcare sector provides vital support for our society, and it is fantastic to see two strong companies come together to support Procare’s ongoing growth and continue to make a real difference to the individuals they look after."

Jason Whitworth, M&A Partner, BDO