Home care business CSN Care Group has announced it has secured an investment of £4 million.
The funding, from UK and Ireland investor BGF, will be used to support organic growth and to pursue merger and acquisitions opportunities to supplement CSN’s existing branches, with a particular focus on providers of private and high-acuity care.
CSN operates a national network of owned and franchised branches across the UK, with headquarters in Edinburgh and Milton Keynes. Its care brands include Carewatch, MyLife and New Directions.
The business was founded by executive chairman, Scott Christie, and managing director, Craig Hendry, in January 2019 as a result of a management buyout (MBO) of part of the Carewatch Group.
Since the MBO, the group has grown to deliver more than 50,000 weekly hours of care across the country.
Commenting on the investment, Christie said: “We are pleased to be partnering with BGF for the next stage of our growth. BGF were selected as the right partner for us due to their long-term approach and the strong relationship we have built with the team over several years.”
David Gammie, who led the investment for BGF, said: “We are delighted to announce our investment in CSN. It has grown extremely well over the last couple of years providing a broad mix of care across the UK.
“We look forward to working with the whole team to support CSN on the next stage of its growth journey.”
Alongside BGF’s investment, CSN has appointed Dr Andrew Dun to the Board as non-executive director.
Early in his career, Dr Dun was a GP before taking on several commercial roles in the social care sector, including as CEO of Enara. He has served on numerous Boards including most recently Orbis Education and AJM Healthcare.
Dr Dun said: “CSN is an extremely well-run business, committed to providing high quality care outcomes to their customers. I am delighted to be joining the Board and I look forward to working with the CSN management team and BGF to support the business in achieving its longer-term growth objectives.”