Sandcastle Care bought by investment house

Blackpool-based Sandcastle Care has been bought by Waterland Private Equity.

Sandcastle operates an in house, proprietary therapeutic care model, providing tailored care to more than 50 young people in Blackpool, Lancaster, Preston and Cumbria.

Waterland is a pan-European private equity house that specialises in 'buy and build' strategies and is investing from its 7th fund, which stands at €2bn. The deal represents Waterland’s third UK platform investment and its eighth transaction since opening a UK office in 2017.

"They have really understood from day one that the quality and level of care we provide is paramount. My senior management team and I are excited about the future and we are all looking forward to working with Waterland and expanding our quality service within the sector.”

The Waterland team was led by Andy Scaife and Ryan Hallworth with support from Robin Elley. Scaife said “We are delighted to be investing in the Sandcastle Group. "We believe the experience of the management team, the superior quality of service delivery and the high quality of care staff set Sandcastle apart from its competition. The Sandcastle future is bright and exciting and we look forward to supporting the ambitious growth strategy set by the senior leadership team.”

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