The Cambian Group, a GI Partners Portfolio Company, Completes Initial Public Offering
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The Cambian Group, a GI Partners Portfolio Company, Completes Initial Public Offering

cambian nf1GI Partners has announced the Cambian Group plc (“Cambian”), a portfolio company, successfully listed on the main market of the London Stock Exchange (CMBN.L) in April 2014.

Cambian is one of the UK’s largest specialist behavioral health service providers with a specific focus on children and adults who present high severity needs with challenging behaviors and complex care requirements. The Cambian Group was formed by the merger of three GI Partners portfolio companies (Cambian Group, Care Aspirations, and Advanced Childcare). The company is based in London (www.cambiangroup.com).

“We are incredibly proud to have supported Cambian in its development over the past ten years,” said Alfred Foglio, Managing Partner of GI Partners. “Cambian’s success story highlights the significant opportunity to transform the delivery of behavioural healthcare services as outsourcing continues.”

The listing of Cambian marks the completion of GI’s platform build of a leading healthcare provider, and provides the management team with long-term capital to take advantage of attractive market opportunities.

Cambian was founded in 2004 through a management buyout of NHP Healthcare Partnership led by GI Partners. Cambian and GI Partners’ vision was to create the highest quality provider of specialist behavioral health services. At the time of GI’s investment, the company had three mental health rehabilitation hospitals and approximately 50 employees. Today, Cambian employs 6,000 people across a UK-wide portfolio of 249 purpose-designed facilities, comprising 23 schools, 35 hospitals, 188 specialist homes / day facilities, and 3 fostering offices. In 2010, Cambian implemented a shared services agreement with a GI Partners portfolio company, Care Aspirations, an independent provider of specialist learning disability services for adults, thereby expanding its service capabilities. In 2014, Cambian and Care Aspirations merged with GI portfolio company, Advanced Childcare, a leading provider of specialist behavioral, emotional, and social difficulties residential services, to form The Cambian Group, which subsequently went public on the London Stock Exchange. The combined entity affords the company a powerful strategic presence across both children and adults, as well as the four major segments of care: congenital, behavioral and emotional social difficulties, mental health, and acquired conditions.

GI Partners invests from $50 million to $250 million in companies with enterprise values of $100 million to $750 million.  Sectors of interest include IT infrastructure & services; healthcare services; leisure & retail; and financial & real estate services.  Since founding, GI has managed $10 billion across four private equity funds and invested in 38 platform investments. GI Partners is based in Menlo Park (www.gipartners.com).

2014 PEPD • Private Equity’s Leading News Magazine • 6-10-14

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