Regard is one of the UK's leading providers of high acuity residential care and supported living services. During MML’s investment the group has grown both organically and through acquisitions and now operates across the UK from over 120 sites, providing hundreds of service users with care and accommodation. Since its involvement MML has seen profits grow by a significant margin.
Bal Johal, Managing Partner at MML commented:
"Regard has achieved great results during our investment, most importantly providing first class care to its service users. We are proud to have backed a strong executive management team led by CEO Sandie Foxall-Smith and chaired by Roger Storey in a business that provides vital care services to the community. We wish the management team all the best in their future endeavours whilst we are very pleased with the great result for our investors"
CEO at The Regard Partnership, Sandie Foxall-Smith commented:
"The backing of MML has enabled Regard to completely reshape over the last seven years so that we can provide care in the form that it is needed where it is most needed. Secure funding is essential to providing the standards of care demanded by service users and regulators. With Montreux and Macquarie Lending now behind us we have the depth of backing needed for the future.”
Oliver Harris, Managing Partner of Montreux Capital Management, the advisor to The Montreux Healthcare Fund said;
"We see huge value in the purchase of The Regard Partnership both in itself and in the synergy it will bring to our existing holdings. We look forward to building upon the successes the Group have achieved up to this point." This purchase makes The Montreux Healthcare Fund the fourth largest operator in the UK learning disabilities and specialist care sector.
The exit was handled on behalf of the Regard Board by non-executive Director Chris Spanoudakis. The process was managed and run by Julian Feneley at Canaccord Genuity.