Deal completed to acquire social work company
Stamford-based BCF Equity Partners (BCF) has completed the acquisition of CF Social Work (CFSW).
The deal was backed by an acquisition funding package from Allied Irish Bank (GB) in Nottingham.
Based in Ipswich, CFSW provides social work intervention and education services to assist busy local authorities and helps children and young families avoid a lifetime of care and state intervention.
CFSW has a growing reputation for its preventative services.
It will continue to be operated day-to-day by Ross Evans, a 36-year-old former head teacher.
Evans heads the growing Education Division which was launched in October 2018. The company splits its service provision into four divisions: Independent Social Work and Psychological Service, Reverse Residential Assessments, Bespoke Education Division and Family Support and Youth Work Service.
BCF specialises in investing in expanding privately owned businesses. The team identified CFSW as a fast growing business which can become a significant operator with the right infrastructure in place to support its future development.
Tom Spencer, managing partner at BCF, said: “CF Social Work is a very special business providing education and social work support to many vulnerable children and families.
“It is a privilege to be able to support Ross and the team as they grow the business and develop their service offering.”
Dale Cowdell, relationship manager at Allied Irish Bank’s Nottingham Business Centre, added: “Tom and his team at BCF have built an enviable track record of investing in and developing growing businesses.
“The acquisition of CFSW is a great addition to their investment portfolio, with an existing management team led by an inspirational head that has demonstrated a great deal of good work in the support of special needs and vulnerable children and young families in the region.
“It feels great to help BCF to support the growth of a business that carries out such important and rewarding work supporting children and young families.”
