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M&A

VOYAGE CARE

Acquired by

WREN HOUSE

UNITED KINGDOM Health Providers / Healthcare Facilities / Nursing Homes EV 500m EUR - 1b EUR 01/2022

Target

VOYAGE CARE

Acquirer

WREN HOUSE

Context

Partners Group and Duke Street agreed to sell 100% of Voyage Care to Wren House Infrastructure Management, following approximately seven years of joint ownership since the 2014 acquisition alongside management. Key value creation initiatives delivered during the holding period include strategic management hires, continued investment in care quality, further development of specialist care disciplines, and capacity expansion through organic development and selective bolt-on acquisitions.

VOYAGE CARE, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the average currently observed in the Healthcare & Pharma sector (13.3x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Voyage Care is a leading UK provider of specialist care and support services, founded in 1988 and headquartered in Lichfield. The company provides highly specialised care to people with learning and physical difficulties, brain injuries, autism, and other complex needs across the United Kingdom. A large majority of those supported by Voyage Care require high levels of care and support throughout their lives, making the company a critical long-term provider of essential social care services.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

Year
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EBITDA
EBIT
2022
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2021
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Other operations with VOYAGE CARE

REFERENCES

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: wren house