LDC backs management buyout of Taking Care
LDC has backed the management buyout of Taking Care, a leading provider of technology-enabled care products and services, from AXA Health.
Founded in 1985 and headquartered in Exeter, Taking Care provides personal alarms, smart home monitoring products and associated monitoring and emergency call response services for elderly people to enable them to live safely and independently in their own homes. The company supports over 150,000 end customers across the UK, has excellent customer ratings and is the exclusive telecare provider to Age Co which is further testament to the quality of its services.
Taking Care has demonstrated impressive and consistent growth, with revenue increasing 87% from 2020-2024. The UK telecare market is expected to continue to grow strongly, driven by an ageing population, more independent living in later life and greater use of accessible digital technology.
LDC is backing Taking Care’s management team, led by CEO Steve Gates, to further expand its services and support more people to live independently at home. LDC’s investment will also support Taking Care in targeting complementary acquisitions that broaden its range of products and services.
PMSI provided the CDD in support of the transaction.
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