Five Arrows Capital Partners, the North American corporate private equity business of Rothschild & Co Merchant Banking, has bought behavioural therapy provider The Futures Health Group through its portfolio company Stepping Stones Group.
Stepping Stones provides therapeutic, behavioural, autism, nursing and educational services for children across the US.
Tim Murphy, CEO of Stepping Stones, commented, “This is an exciting opportunity for us to expand our service offerings and geographic footprint, particularly in Massachusetts, Michigan and Arizona and enhances our ability to transform the lives of more children.”
Murphy served as the Secretary of Health and Human Services for the Commonwealth of Massachusetts under Governor Mitt Romney.
Michael Langer, partner at Five Arrows, added, “Five Arrows Capital Partners continues to support Stepping Stones’ management team acquisitive growth strategy as they expand the company’s national geographic footprint and service offerings to deliver critical developmental services to children and adolescents.”
Rothschild & Co hit a €1.25bn hard cap close for Five Arrows Principal Investments III in 2019.
It follwed that close several days later with the exit of securities market infratech business Pirum Systems to Bowmark Capital.
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Source: https://www.altassets.net/private-equity-news/by-news-type/deal-news/rothschild-arm-five-arrows-capital-expands-stepping-stones-group-with-behavioural-therapy-provider-bolt-on.html
