Acorn Care and Education, which also runs schools for children with special educational needs, has been bought by Teachers' Private Capital, the investment arm of Ontario Teachers' Pension Plan.
Phoenix Equity Partners have financed the provider since March 2005.
Ben Hewetson, head of the London office of Teachers' Private Capital, said: "Our flexible and patient capital allows us to provide certain and appropriate investment support over the coming years to allow Acorn to take advantage of multiple growth opportunities."
Acorn Care and Education was set up in 2005 by Kevin McNeany and runs 10 schools and a large fostering network.
Register Now to Continue Reading
Thank you for visiting Children & Young People Now and making use of our archive of more than 60,000 expert features, topics hubs, case studies and policy updates. Why not register today and enjoy the following great benefits:
What's Included
-
Free access to 4 subscriber-only articles per month
-
Email newsletter providing advice and guidance across the sector
Already have an account? Sign in here
