M&A Deal Summary

August Equity Acquires MiHomecare

On May 11, 2008, private equity firm August Equity acquired healthcare services company MiHomecare for 53M GBP

Acquisition Highlights
  • This is August Equity’s 4th transaction in the Healthcare Services sector.
  • This is August Equity’s 0th largest (disclosed) transaction.
  • This is August Equity’s 14th transaction in the United Kingdom.
Investment Fate
  • MiHomecare was sold to a publicly-traded strategic buyer in 2012 for 111M GBP.
  • MiHomecare merged with another company in 2017.

M&A Deal Summary
Date 2008-05-11
Target MiHomecare
Sector Healthcare Services
Buyer(s) August Equity
Deal Type Consolidation
Deal Value 53M GBP

Target

MiHomecare

Woking, Surrey, United Kingdom
MiHomecare is a provider of healthcare at home for people who require help and support due to illness, infirmity or disability in order to enhance people’s lives. MiHomecare focuses on care for the elderly and has a regional focus on London and the South.

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Buyer(S) 1

Buyer

August Equity

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 350M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

August Equity is a private equity firm that provides capital for management buyouts, buy-ins, growth financings, and recapitalizations of small and medium-sized UK-based companies. August Equity targets growth companies with strong cash-flow operating within four sectors. These include healthcare, media/technology, industrial products and services, and consumer products and services. August Equity looks to commit £10 to £50 million per transaction. August Equity was formed in 2001 and is based in London.

DEAL STATS #
Overall 14 of 48
Sector (Healthcare Services) 4 of 10
Type (Consolidation) 1 of 6
Country (United Kingdom) 14 of 45
Year (2008) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-13 Healthcare Homes Group

Colchester, Langham, United Kingdom

Healthcare Homes Group Ltd. provides elderly residential care services.

Sell £75M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-01 Accura Support Services

Midlands, United Kingdom

Accura Support Services Limited is a Midlands based provider of highly specified mission critical components principally to the oil and gas and aerospace sectors. Accura operates as two separate divisions: supply chain services under the brands Linvic and Concept and technical contract services under the brands Accura Geometric and Accura Geneva.

Buy £37M
Mergr

Product

Company

Legal