Clearwater is a provider of high quality residential care facilities and supported living services for people with learning disabilities aged between 18 and 65.
The Business currently operates from 25 freehold properties located predominately within the Greater London area. Synova Capital’s initial acquisition of Clearwater Care has since been supported by further capital to grow the company both organically and by acquisition of further properties.
Synova’s investment provided a liquidity event for the founding shareholders while also supporting the management buy-in with Non-Executive Chairman, Martyn Ward, remaining in his role alongside the buy-in team, which is led by Philip Arden. Clearwater has recruited additional senior professionals to the management team and delivered a significant number of operational improvements.
Clearwater Care, formerly a subsidiary of Hallmark Care, is one of the South East’s leading providers of high quality residential care and supported living services for people with profound learning disabilities and complex needs. Synova’s acquisition of Clearwater, alongside a buy-in team, allowed Hallmark’s shareholders to realise the proceeds of a disposal of a non-core asset in order to focus on their primary market, elderly care.