Specialist care and nursing agency Acton Banks has completed a management buyout with investment backing worth £9.65m from private equity firm Maven Capital Partners.
In addition, the nursing agency received ‘significant’ capital from its senior management team which will be used to expand the business outside of its base in the Midlands and North West of England and grow its bank of specialist staff.
Acton Banks chief executive Dharsa Mander said: ‘We are really pleased to have an experienced private equity team which supports our vision of creating a much larger leading healthcare services business with an expanded geographical footprint.
‘We are well-positioned to invest in our staff and candidates with a view to expanding our offering to the market.’
Andrew Ferguson, partner at Maven, added: ‘Maven will provide the business with committed capital to pursue its growth strategy, with senior management knowing they have supportive investor backing for their strategic growth plans.’
Acton was established in 2006 and provides 24-hour support to NHS and private hospitals, rehabilitation centres and care homes.