Bowmark Capital sells Advanced Childcare

Since Bowmark acquired the business at the end of 2004, Advanced Childcare has expanded across the north of England and the Midlands, growing from a base of seven care homes with 40 residential beds to its current estate of 30 care homes with 123 residential beds and two fostering agencies. Advanced Childcare now has more than 60 local authority clients across England and has an outstanding reputation for high quality care, as a result of the successful outcomes it achieves for young people, and its market-leading quality ratings from Ofsted.

Rizwan Khan, chief executive of Advanced Childcare, added: "Our partnership with Bowmark has been very successful. We now look forward to our next phase of development, with our new capital partners, GI Partners, when we will aim to capitalise on the significant growth opportunities in our market."