Foundation Partners Asset Management and Deer Capital have acquired Hartford Care for more than £100 million.

Hartford Care provides residential, dementia and nursing care and operates 20 care homes in the South of England delivering services to more than 1,000 people. The company plans to double the size of its operations by 2026.

Kevin Shaw, chief executive of Hartford Care said: “Fundamental to our growth strategy is the exceptional high quality of care we offer and the ways in which we enhance the lives of our existing residents. Our exciting new partnership with Foundation Partners and Deer Capital is strongly aligned with our ethos of investing in innovation and creating a ‘home from home’ setting, We can move forward in growing the Hartford Care brand to create new caring communities that are kind and welcoming of everyone.”

Foundation Partners invests in healthcare, leisure, hotels, student and social housing, and commercial real estate. It’s investments include New Century Care, which operates six care homes in Scotland and the Southeast of England.

Ben Puddle of Foundation Partners, said: “We are delighted with this initial transaction as part of our exciting joint venture with Deer Capital as we share the same values and beliefs as Kevin Shaw and his team. We support their ambitious growth plan.”

Mark Sonnenschein of Deer Capital commented: “We have been actively looking for a UK care home operator for the last few years as we begin our ambitious expansion into the UK and Europe and are delighted to have supported Foundation Partners and Kevin in the acquisition of Hartford Care. Kevin and the management team have a wonderful track record and we are looking forward to working with them over the coming years.”

Real estate company Knight Frank advised Hartford Care on the transaction. Law firm Clarke Willmott acted on the sale.