Founded in 2003 and headquartered in Leeds and Dunfermline, Pebbles Care provides residential care and education services for young people aged 6–18 years and operates 41 care homes and four schools across the north of England and Scotland.
This is Ardenton’s sixth investment in the UK.
Alison Moore has been named managing director, having previously held the role of operations director at Pebbles. She is joined by Michael Walsh as chief executive officer.
The deal by Ardenton was led by director Iain Marlow, who was supported by James Worrall and Grant Goodwin.
Connell Consulting carried out commercial due diligence on behalf of the investor.
‘Pebbles has been providing outstanding care for more than 16 years, so it was crucial that we found an investor who believed in maintaining the values that have made the company successful,’ said Luiz Guilherme, director of Pebbles Care. ‘Ardenton’s strategy of a long-term investment model will ensure that Pebbles continues to flourish and grow as a national preferred provider.’
Guilherme will exit the business as part of the deal.
Marlow, said: ‘It’s a privilege to be working alongside the Pebbles Care management team to support the invaluable work the business does.
‘Looking after some of the most vulnerable young people in society, our investment will enable the team to invest further into the quality of their care provision and expand their services to provide more capacity.’