Tristone Healthcare backs Beyond Limits  

Tristone's Rob Finney, Yannis Loucopoulos and Phil Ledgard
From left: Tristone’s Rob Finney, Yannis Loucopoulos and Phil Ledgard © Darren Robinson Photography

Buy and build social care investment group Tristone Healthcare has acquired Beyond Limits, a Plymouth-headquartered specialist care provider, marking a strong first quarter.  

The deal follows the addition of Seaside Care Homes to Tristone’s portfolio of social care businesses in February. As HealthInvestor UK previously reported, at the end of 2021, the investor secured backing of £20 million of funding from Duke Royalty, which has supported this latest transaction.  

Founded in 2011, Beyond Limits operates across Devon, Cornwall, Somerset, and Dumfries and Galloway and specialises in supporting people with learning disabilities, mental health issues and other needs. The provider employs 131 staff and supports 26 individuals.

Beyond Limits founder and managing director, Doreen Kelly will retain a shareholding and remain in the business as part of the deal.

Tristone founder and chief executive, Yannis Loucopoulos, said: “The quality of care at Beyond Limits is second-to-none and is reflected in its outstanding CQC rating. The management team operates at the very highest standard and, as such, there was a real meeting of values and vision. It has all the hallmarks of a business we love to invest in – one which is delivering outstanding care and support, has a great management team, clear opportunities for growth and strong financial fundamentals. 

“Demand for services in the geographical areas in which Beyond Limits operates is extremely high and we will be supporting the management and staff teams to unlock sustainable growth and value and ultimately positively impact more lives.” 

Kelly said: “When considering the next stage of our growth journey, it was essential we found an investment partner that was culturally aligned with our business, but equally understood the nuances of the social care sector. 

“Being able to demonstrate a passion and drive to protect the professional legacy of Beyond Limits and place outstanding care front and centre, was also key to us. In Tristone, we have found that partner and we’re excited about the growth opportunities that lie ahead, while meeting the rising demand for specialist places for people in need.” 

Tristone Capital was advised by Moore & Smalley (FDD and TDD) and St. John’s Legal (legal). Advisors for Beyond Limits were PKF Francis Clark (lead advisors) and Nash & Co (legal advisors). 

Date published: April 20, 2022

Subscriber content

To get unlimited access subscribe today

Subscribe

Already a subscriber? Login