Clearwater UK advises Waterland Private Equity on its acquisition of Sandcastle Care in off-market deal

Transaction

Waterland Private Equity acquired Sandcastle Care

Buy-side

Undisclosed

Role

Adviser to Waterland Private Equity on its acquisition of Sandcastle Care

Sector

Healthcare

Region

United Kingdom

Clearwater provided M&A and debt advisory services to Waterland Private Equity to support the acquisition of childcare services provider Sandcastle Care (Sandcastle).

Sandcastle provides high quality, highly nurturing residential care for some of the most vulnerable young people in society. The business has been operating small care homes since 2004, and now offers long term therapeutic care across 18 sites.

Sandcastle operates an ‘in house’, proprietary therapeutic care model, providing tailored and consistent care to over 50 young people across Blackpool, Lancaster, Preston and Cumbria.

The deal represents Waterland’s 3rd UK platform investment and its 8th transaction since opening a UK office in 2017. Waterland is a Pan-European private equity house that specialises in buy and build strategies and is investing from its 7th fund, which stands at €2bn.

We are delighted to be investing in the Sandcastle Group. We believe the experience of the management team, the superior quality of service delivery and the high quality of care staff set Sandcastle apart from its competition. The Sandcastle future is bright and exciting and we look forward to supporting the ambitious growth strategy set by the senior leadership team.
Andy Scaife, Waterland Private Equity

Waterland have been a pleasure to deal with and I have been greatly impressed with their absolute determination to maintain the high standards that Sandcastle Care have always been proud of. They have really understood from day one that the quality and level of care we provide is paramount. My senior management team and I are excited about the future and we are all looking forward to working with Waterland and expanding our quality service within the sector.
Darren Yates, CEO, Sandcastle Care

It has been a pleasure working with Waterland again and to witness its momentum in the UK mid-market. With Waterland’s backing, Sandcastle is very well placed to continue its impressive growth trajectory and we wish the business, its management and shareholders all the best for the future.
Michael Loudon, Partner, Clearwater

Advisers

Michael Loudon

Managing Director +44 845 052 0354 michael.loudon@clearwatercf.com Connect

Tom Barnwell

Managing Director +44 845 034 4767 tom.barnwell@clearwatercf.com Connect

Dom Moir

Director +44 784 178 5417 dom.moir@clearwatercf.com Connect

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