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Acorn set to change hands for £150m

22nd December 2009

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A NORTH West education business is set to be sold in a £150m deal.Bolton-based Acorn Care and Education, which provides foster care services and operates schools for children with serious learning disabilities, is reportedly being sold by Phoenix Equity Partners to another private equity firm HgCapital and Canadian pension fund Ontario Teachers' Pension Plan.The company, founded in 2005,  operates 11 schools - six of which are based in the North West - and has one of the largest private fostering networks in the country......for the full story register now for free or login below...


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