Ardenton Capital Corporation has acquired Pebbles Care, a provider of residential care for young people.
Headquartered in Leeds and Dunfermline, Pebbles operates 41 residential care homes and four schools, providing services to more than 100 young people across the North of England and Scotland.
Alison Moore has been named as Pebbles’ managing director, having previously held the role of operations director. Moore is joined by Michael Walsh who becomes chief executive.
Pebbles was founded in 2003 by company director, Luiz Guilherme who is to exit the business as part of the deal.
Guilherme said: “Pebbles has been providing outstanding care for more than 16 years, so it was crucial that we found an investor who believed in maintaining the values that have made the company successful. Ardenton’s strategy of a long-term investment model will ensure that Pebbles continues to flourish and grow as a national preferred provider.”
Moore added: “Pebbles Care has always been an organisation that puts the young people at the heart of what we do. With the support and expertise of Ardenton, I’m confident that together we can ensure that the young people get the best possible care and educational support. Quality of our care is paramount and the investment into our services will help us to take this to the next level.”
Orbis Partners advised the shareholder on the sale and due diligence was conducted by Connell Consulting.