News & Views

20th December 2017

Montreux Healthcare Fund agrees sale of The Regard Group

The Montreux Healthcare Fund PLC has agreed the sale of its primary asset, The Regard Group, to AMP Capital, a specialist investment manager. The Regard Group, which offers industry-­‐leading specialist care for adults with Learning Disabilities and Mental Health issues, operates an efficient business with industry leading care quality ratings and occupancy.

The Montreux Healthcare Fund, which is advised by Montreux Capital Management (UK), bought The Regard Group with Macquarie Principal Finance three years ago and has subsequently grown the business into a national provider of premier specialist service by bolting on complementary acquisitions, most notably Aitch Care Homes and Adelphi Care. Today, the Regard Group operates 161 specialist care facilities across the UK, employing more than 2,200 staff and providing dedicated support to more than 1,100 individuals.

Oliver Harris, CEO, Montreux Capital Management (UK) stated:
“This is the most significant deal in the sector this year, owing to the quality of the business we have built. Montreux has more than doubled the value of the business in three years, whilst delivering award winning care and levels of service. We are sure that The Regard Group will continue to go from strength to strength under its new ownership.”


Florian Herold, Co-­‐Head of Macquarie Principal Finance Europe, said:
“This sale marks the successful finish to an exciting journey for us which started over three years ago. Management’s outstanding work has driven substantial growth in the business while maintaining market leading quality care for its clients. It’s great to see that by working with our partner Montreux, our support and capital investment were able to contribute to this rewarding outcome for clients, staff and shareholders.”

 

 

For further information please contact:
Ben Robinson
KL Communications
(W): 0203 137 7821
(M): 07818 445 002
ben@kl-­‐communications.com


Notes to editors:


About Montreux Capital Management (UK)
Montreux Capital Management (UK) is the advisor to The Montreux Healthcare Fund, advising on UK centric specialist care transactions.


The Montreux Healthcare Fund
The Montreux Healthcare Fund focuses exclusively on investing in the specialist care space in the United Kingdom. Through the provision of quality care, the fund offers an opportunity to change the lives of some of the UK’s most vulnerable people while offering a solid, uncorrelated and truly alternative return for investors.


The Regard Group
The Regard Group is the majority owned asset of The Montreux Healthcare Fund and one of the largest specialist care businesses in the UK. It offers support to Adults with learning disabilities, acquired brain injuries and mental health disorders. Throughout the time that the company has been under the ownership of the fund, it has consistently won awards for the quality of its care and its innovative approach.


AMP Capital
AMP Capital is a specialist investment manager with A$178.9 billion in funds under management as of 30 June 2017 and more than 250 investment professionals. AMP Capital has a heritage and strength in real estate and infrastructure, and specialist expertise in fixed income, equities and multi-­‐asset solutions. It is a subsidiary of AMP Limited, which was established in 1849, and is one of Australia's largest retail and corporate pension providers.

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