London, UK, May 8th, 2024: On May 3rd 2024, Cap10 Partners reached an agreement to partner with Compass Community (Compass), a leading UK provider of therapeutic fostering, residential and special education for children with high acuity and complex needs.
Cap10, together with the existing Compass Management, will acquire 100% of the business from the current majority shareholder, Graphite Capital. The terms of the transaction remain undisclosed.
Compass has established a strong track record of working in partnership with Local Authorities and have consistently achieved market-leading OFSTED ratings across its services. Cap10 is committed to building upon this foundation, working closely with Compass to uphold and further enhance its exceptional standards of service delivery, through continued investment into quality management systems, staff training and physical care and education environments.
As we embark on this new chapter with Compass, Cap10 remains dedicated to our mission of promoting businesses that positively impact society. We firmly believe in responsible investment strategies that create lasting positive impact for all stakeholders, including children, foster carers, local authorities, and Compass staff alike.
Fabrice Nottin, Founding Partner of Cap10, said: “Our investment in Compass reflects our commitment to promote businesses which are having a positive impact on society. We stand ready to support local authorities as trusted partners, and we remain committed in our responsibility to ensure that every child receives the support they deserve.”
Bernie Gibson, CEO of Compass Community said: “To support our commitment to meet the ongoing needs of children, it was crucial to find an investor that is focused on making a lifelong and lasting change to children whilst upholding the quality standards of Compass. I’m delighted to say that Cap10 are exactly the partner we were looking for. I’m looking forward to working in partnership with the Cap10 team as we look to continue our good work”
ENDS
Media contacts
Shannon McHugh (Media Zoo) shannon.mchugh@mediazoo.tv or Archit Chopra (Media Zoo) archit.chopra@mediazoo.tv
