November 2025
CFSWH Limited
BCF Equity Partners
Adviser to the shareholders of CFSWH Limited on their sale to Keys Group
£undisclosed
Grant Thornton team
Private sector healthcare
Sell side
Corporate finance
Flag of the United Kingdom

We are delighted to have advised on the sale of CFSWH Limited backed by BCF Equity Partners to Keys Group backed by G Square Capital

CF Social was established in 2006 to provide social intervention and psychological assessments to families and local authorities. In 2020, the business received investment from BCF Equity Partners to support its next phase of growth.

Since then, under the leadership of the senior management team, the business has experienced accelerated growth, establishing two new divisions – CF Education & CF Children’s Homes. Today, CF Group is recognised as a leading provider of alternative education and residential care services for vulnerable children and young people aged 4-18, catering to a diverse range of complex, high-acuity needs.

Grant Thornton delivered a seamless transaction through an integrated approach, combining Corporate Finance Advisory, Financial Modelling and Tax expertise. Working closely with stakeholders, the team leveraged deep sector knowledge and buyer insights to secure the optimal outcome for shareholders.

Ryan Dearman, who led the transaction for Grant Thornton, commented: "CFSW is an exceptional business on a strong growth trajectory, and we are delighted to have completed this deal. Keys Group is the ideal partner to support CFSW’s next phase of growth and its ability to support more young people. Our expert advice and tenacity ensured the right home for the business and a successful result for shareholders."

Thank you all for your extraordinary and relentless hard work. We really appreciate the effort the team have put in over the last year. It has been a massive undertaking, and we achieved the best outcome… Grant Thornton did a brilliant job negotiating and executing the transaction; we couldn’t recommend you enough. Your team’s depth and sector knowledge were crucial in finding the right buyer. The team went the extra mile in preparing and managing the information required for a transaction of this nature, and we couldn’t have done that without you. You are a professional team – strong negotiators, problem solvers and analytical. It’s been a pleasure working with such a lovely group of people
Tom Spencer Co-founder, BCF Equity Partners