Advanced Childcare sold for £28m

A NORTH West firm which manages children's homes for local authorities has changed hands in a £28m deal.

Stockport-based Advanced Childcare was put up for sale by London-based Bowmark Capital last autumn and after a process  led by KPMG Corporate Finance in Manchester the business has been sold to GI Partners.

Advanced Childcare, which was founded in 1996 by former social wiorker Riz Khan, is based in Bredbury. As well as providing care and education to young people with behavioural, emotional and social di... For the full story register now for free or login below...