Continuum have continued to work with Bridges Fund Management and have been involved in both management insights in some of their existing portfolio companies and Human Due Diligence for the following investments.
Bridges invested £8.5m in health-focused school catering business Innovate. Innovate Catering is a fast-growing school catering business that provides high-quality, nutritious food to over 90,000 children at primary and secondary schools in England. Schools and academy groups are increasingly on the look-out for specialist partners who can offer higher-quality, better value-for-money alternatives. This market is now worth over £2bn a year, spanning 22,000 schools and some 8.3m students – creating a large opportunity for a best-in-class operator.
Shaw Healthcare, an employee-owned care provider for the elderly, agreed to sell a minority stake to Bridges Evergreen Holdings for £10m to accelerate its growth and development. Shaw is helping to address this under-supply by providing high-quality, affordable residential and nursing care in the UK – plus domiciliary care and supported living services – for the elderly, including those with dementia and mental health issues. It is one of the ten largest employee-owned companies in the UK, with over 3,500 employees and revenues of more than £90m last year.
To both of these investments and the management insight work we are undertaking, the Continuum team work flexibly with the senior management teams to apply their proven methodology. They expertly profile the individuals, teams and organisations and provide Bridges and the boards with full reports on areas including capability, growth potential, team dynamics and human risks.
