MML Capital has acquired BSN Social Care

MML Capital has acquired BSN Social Care, the UK’s fourth largest independent fostering agency (“IFA”), focusing on higher acuity therapeutic fostering placements for “Looked After Children” to facilitate succession planning, alongside growth capital to support the next phase of the M&A strategy.

BSN is one of the UK’s largest independent fostering agencies, providing care to “Looked After Children” across most of England and Wales. We effectively act as an agency - recruiting, training and then matching the most suitable foster carers to children who have been removed from their birth family environment by a Local Authority, for reasons of child welfare or safety. Fostering provides the children with a stable, secure, and caring environment to achieve their maximum potential, with the ultimate intention to return them to their family, when suitable.

Having merged their independently founded agencies (Blue Sky and Nexus) to form BSN in 2014, Grace Wyatt and Simon Lockyer had built a leading IFA with a reputation for quality of care and a long record of delivering exceptional outcomes. In early 2021, MML engaged with Grace and Simon bilaterally to shape a deal that would allow them to meet their specific goals. This meant remaining majority owners of their business whilst simultaneously laying the foundations for managerial succession and continued growth. MML’s investment created a significant equity incentive pot for both the wider team and incoming key hires, ensured the availability of funding for acquisitive expansion, and brought in a highly aligned partner who understood the absolute importance of maintaining care quality.

Rothschild & Co advised on the acquisition of this transaction. For further detail please contact Karen Dawaf.

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