ACH acquired by investment funds

Montreux Capital Management, a Swiss investment firm, and KTN Care, a specialist healthcare investor, announced last month that they have acquired learning disability care home business, Aitch Care Homes (ACH), in a deal which valued the company at £40m, being 9.1 times historic EBITDA for year ending March 2013. Macquarie Lending, part of Macquarie’s Corporate and Asset Finance Group, has provided a loan and minority equity against the deal. Montreux Capital Management will be the majority equity holder with KTN Care providing management expertise and minority equity.