Grant Thornton advises Sovereign Capital Partners

Grant Thornton provided top-up financial due diligence services to Sovereign Capital Partners on its acquisition of Apollo Home Healthcare, a leading provider of complex, nurse‑led healthcare in the home services across the Midlands, North, and East of England.

Apollo Home Healthcare, founded in 2014 and headquartered in Wolverhampton, the business delivers high‑acuity, bespoke care to both children and adults with complex clinical needs, employing over 1,000 healthcare assistants and around 150 clinical and registered nurses.

The investment will enable Sovereign to fast‑track Apollo’s geographic expansion, modernise its technology and infrastructure, expand the Company’s service proposition, and execute a focused acquisition strategy. 

The transaction progressed over an extended period, beginning with Grant Thornton’s Vendor Due Diligence (VDD) for Apollo in 2024 and transitioning into top‑up Financial Due Diligence (FDD) for Sovereign in 2024/25 as the transaction progressed to exclusivity. 

Our top‑up work provided Sovereign with an updated, normalised assessment of Apollo’s earnings, clearly quantifying the effects of wage and NIC changes and future growth. This ensured Sovereign had accurate, lender‑ready financials to support robust evaluation of the business and informed decision‑making through to Completion.