London, 28 September 2021

Intriva Capital, the independent alternative asset manager, today announces the acquisition of Sequence Care Group (“Sequence”), a leading provider of high-quality specialist care services that enable adults with complex learning disabilities to live richer, happier lives. Sequence’s highly experienced management team will roll their investment alongside Intriva, to continue to drive high-quality care outcomes for each individual. Senior debt to assist the acquisition was provided by Virgin Money.

Sequence was founded in 2001 and provides supported living and residential care homes for adults with learning disabilities. The company employs more than 760 people, including experienced specialist teams comprised of occupational therapy, speech and language therapy, and positive behavioural support workers. Sequence works in close partnership with Local Authorities and the NHS to deliver market-leading care quality, with 97% of its facilities currently rated good or outstanding by the Care Quality Commission (CQC).

With Intriva’s support, Sequence will be able to expand its care services and footprint through developing new homes designed around the needs of individuals with learning disabilities and those with additional needs, such as a physical disability. Sequence will also look to acquire like-minded high-quality providers across the United Kingdom. As it grows the company will continue to build on its operational excellence and care quality, with the aim of setting the industry standard for supported living and residential care homes.
Simon Finn, Managing Partner at Intriva Capital, said:

“When we first met Tony and his team, we immediately knew that this was a best-in-class organisation. The management team have built one of the most personalised and high-quality care businesses in the country, and they’re passionate about making Sequence’s homes the best they possibly can be for the people in their care. We will invest in expanding the platform to ensure that Sequence’s exceptional care is more widely available to people in need of it.”

Tony Hegarty, Chief Executive Officer at Sequence Care Group, said:

“We are incredibly privileged that hundreds of individuals and families across the UK put their trust in our care. We pride ourselves in our ability to enable every person in our care to live a rich and fulfilled life with the support they need. It was exceptionally important for us to find like-minded partners who shared in our values and Intriva have proven to be just that. With their strategic and financial support, we can set new industry-standards for care and expand our services to more locations across the country.”

David Thomson, Director Health and Social Care sector at Virgin Money said:

“We are delighted to provide senior debt to support the acquisition of Sequence Care Group by Intriva and its management team. Sequence Care Group is a strongly performing provider of high-quality adult specialist care with a clear strategic focus and a recent track record of developing new sites and acquisitions. It has a strong management team with high levels of care expertise, is backed by a supportive investor and operates in a vital sub sector of health and social care. We look forward to working with Intriva and the management team to assist the business strive to meet its aspirations over the next few years.”

Connell Consulting provided commercial due diligence support, Taylor Wessing LLP acted as lead transaction legal counsel and McDermott Will & Emery UK LLP acted on the provision of the senior debt facilities, while Axis Arbor advised Intriva in relation to the debt.