August Equity completes MBO of Aspirations Care Group

August Equity has completed a buy-in management buy-out of Aspirations Care Group for an undisclosed amount.

Aspirations provides supported living and community support services for children and adults with mental health problems, learning disabilities and challenging behaviours. The company provides services nationally to over 700 people and employs over 1,000 staff.

August Equity is backing a team led by chief executive Christine Cameron. She has 20 years’ experience in health and social care, and was formerly chief operating officer of Craegmoor. Stephen Booty has joined the board as chairman.

Cameron said the private equity firm’s backing gives Aspirations the opportunity to “create one of the UK’s leading and highest quality services, supporting those who others see as challenging”.

She added: “Our management team is passionate about providing an outstanding service to people with complex needs and challenging behaviours and we firmly believe the service we provide is what we would demand if any of our family required support.”

August Equity partner Aatif Hassan said: “We are delighted to be backing the highly skilled team at Aspirations. It is one of the largest businesses in its field and has a strong track record of supporting adults and children with challenging behaviour. We look forward to working with the management team to continue to develop the Aspirations service offering, both organically and by acquisition.”