LONDON, June 10, 2014 /PRNewswire/ --
Listing Marks Completion of GI Partners' Healthcare Platform Build
GI Partners ("GI"), a leading middle market private equity firm, announced that The Cambian Group plc ("Cambian"), a portfolio company, successfully listed on the main market of the London Stock Exchange (CMBN.L) in April 2014. Cambian is one of the UK's largest specialist behavioural health service providers with a specific focus on children and adults who present high severity needs with challenging behaviours and complex care requirements. The Cambian Group was formed by the merger of three GI Partners portfolio companies (Cambian Group, Care Aspirations, and Advanced Childcare).
"We are incredibly proud to have supported Cambian in its development over the past ten years," said Alfred Foglio, Managing Partner of GI Partners. "Cambian's success story highlights the significant opportunity to transform the delivery of behavioural healthcare services as outsourcing continues."
The listing of Cambian marks the completion of GI's platform build of a leading healthcare provider, and provides the management team with long-term capital to take advantage of attractive market opportunities.
Saleem Asaria, Chief Executive Officer of The Cambian Group, commented "Our longstanding partnership with GI Partners enabled us to consistently invest in both training and facilities, and relentlessly pursue excellence in the quality of care, which empowers our patients to achieve their personal best. We are excited for this next chapter in the company's growth."
Cambian's progress to date was achieved by implementing and adhering to a unique strategy designed by the management team and GI. The company combines an innovative, clinically-led approach delivered by a full-time multi-disciplinary team in purpose-designed facilities/environments. Success is achieved by stepping down individuals to a placement that requires reduced support, and thereby reduced financial commitment from the funding organisations, and provides them with the greatest opportunity to thrive.
GI Partners realised part of its investments in the three platform companies, but remains a significant shareholder and Board member for the combined listed business.
About The Cambian Group
Cambian was founded in 2004 through a management buyout of NHP Healthcare Partnership led by GI Partners. Cambian and GI Partners' vision was to create the highest quality provider of specialist behavioural health services. At the time of GI's investment, the company had three mental health rehabilitation hospitals and approximately 50 employees. Today, Cambian employs 6,000 people across a UK-wide portfolio of 249 purpose-designed facilities, comprising 23 schools, 35 hospitals, 188 specialist homes / day facilities, and 3 fostering offices. In 2010, Cambian implemented a shared services agreement with a GI Partners portfolio company, Care Aspirations, an independent provider of specialist learning disability services for adults, thereby expanding its service capabilities. In 2014, Cambian and Care Aspirations merged with GI portfolio company, Advanced Childcare, a leading provider of specialist behavioural, emotional, and social difficulties residential services, to form The Cambian Group, which subsequently went public on the London Stock Exchange. The combined entity affords the company a powerful strategic presence across both children and adults, as well as the four major segments of care: congenital, behavioural and emotional social difficulties, mental health, and acquired conditions.
About GI Partners
Founded in 2001, GI Partners is a leading middle market private equity firm with offices in London, San Francisco, Chicago, and Greenwich. The firm currently manages over $10 billion of capital commitments through private equity and real estate separate account strategies for recognized institutional investors, including some of the largest state and sovereign pension funds in North America, Europe, Australia, Asia, and the Middle East. GI Partners is active in a number of key sectors, including IT Infrastructure & Services, Healthcare Services, Retail & Leisure, and Financial & Real Estate Services. For more information on GI Partners and its entire portfolio, please visit http://www.gipartners.com.
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Stephen MalthouseLucy Legh