Stage Capital has sold Horizon, a leading UK operator of children’s residential homes and specialist schools, as well as supported living accommodation for young people transitioning out of care.
The residential division is the largest part of the business and operates 47 children’s residential care homes situated principally in the North and across the Midlands. Horizon opened 10 new homes between 2016 and 2018.
The education division has seven day schools in the Midlands, the North West and Kent. Pupils have special educational needs and are often in care. Horizon offers an online education programme, HEAL, for children unable to attend a classroom environment.
The transitional services division provides a range of support services for young people aged 16 to 24, most of whom have previously been in formal care. In addition to offering semi-independent living in rented accommodation, Horizon provides a variety of life skills, training and support as a bridge between care and independent living.
Paul Callander, Chief Executive of Horizon, said:
“Stage’s initial investment into the Company over 6 years ago has been the perfect example of how a platform should work. Stage has always operated in the best interests of the children in our care and held true to the values of Horizon. Dynamic, challenging but always responsive and encouraging, Stage has been the perfect partner and as the CEO brought in to this investment I have always felt that the partnership has been equal with a real sense of mutual respect and purpose to excel in what we were doing.”
Graham Thomas, Managing Partner of Stage, commented:
“We are very proud of our stewardship of Horizon, which offers such critically important services. Under Paul’s leadership, the Company has grown to the leading position it is now in. Paul combines a true care for every young person in the Company’s care with an astute business head, and passion for excellence. Horizon is in good hands under his care, and we wish him and the Company well under Graphite’s ownership.”