The Montreux Healthcare Fund now owns the ninth largest care group in the UK following the merger of two of its companies.

The ACH Group, which operated 25 residential services in England, last month merged with The Regard Partnership which provides learning disability, brain injury, and mental healthcare.

The Regard Partnership, headed by chief executive officer Sandie Foxall-Smith, provides care and support for more than 1,000 people making the company the fourth largest UK care group offering specialist learning disability and mental health care.

A Montreux investment vehicle acquired ACH Group in April 2014 for GBP40.5 million. Six months later, the Montreux Healthcare Fund bought The Regard Partnership for GBP119.5 million.

The Isle of Man-domiciled Montreux Healthcare Fund is advised by Montreux Capital Management (UK) which oversees more than GBP200 million worth of assets.

Montreux Capital Management’s managing partner Oliver Harris says the merger represented the next operational step to add value to the Montreux Healthcare Fund, which has returned over 50 per cent in one share class since launching in 2014.

“Since the merger we have had The Regard Partnership valued by a leading global Royal Institute of Chartered Surveyors-accredited valuer at GBP202 million,” says Harris. “For us this is confirmation that the specialist care market continues its strong growth trend, and remains a real attraction to investors.

“We are continuing to offer high-quality care to service users as this is at the core of everything we do. Moreover, a number of further opportunities for the Montreux Healthcare Fund are already being actively explored.”



Find Us

Thameside House
Hurst Road
East Molesey

T: + 44 (0) 1932 860 140

Information on this webpage relates to and is provided by Montreux Capital Management (UK) Limited

The content of this webpage should not be construed as financial advice. Any decision to invest should be made only on the basis of the relevant documentation for each investment. Past performance is not necessarily a guide to future performance. The value of an investment may go down as well as up and investors may not get back the full amount invested. Investments in small unquoted companies carry an above-average level of risk. These investments are highly illiquid and as such, there may not be a readily available market to sell such an investment. Montreux Capital Management (UK) Limited and Sapia Partners LLP (together “the Sponsors,” or “Sponsor”) do not provide specific individual advice on the suitability of investments with regard to a potential investor’s individual circumstances, risk tolerance or investment objectives and investors should seek independent financial advice if they are in any doubt whether a product is suitable for them.

Montreux Capital Management (UK) Limited is an Appointed Representative of Sapia Partners LLP which is authorised and regulated by the Financial Conduct Authority.