THCS IV completes second investment

Three Hills Capital Partners (“THCP” or the “Firm”) is pleased to inform investors that Three Hills Capital Solutions IV (“THCS IV” or the “Fund”) has completed an investment in CareTech, a specialist social care and educational services provider in the UK. THCP led on a £238 million investment syndicate, of which THCS IV has provided £67.9 million of preferred capital to fund the delisting of the business from the AIM. As part of the agreement, the Fund will receive 9.6% equity in the business.

Founded in 1993, CareTech is a leading UK private provider of specialised social care and educational services for both adults and children. The business offers full care support for users as well as sophisticated care pathways for young people leaving care and for adults who are making the move into their own home after a time in residential or institutional care. To achieve this, the Company operates a number of servicing models, which include hospital and residential care, supported living, educational facilities and foster care. The deal offers strong impact potential, greatly improving the conditions of more vulnerable members of society through its social care mission.