Barclays Private Equity takes 40% stake in Caretech

Barclays Private Equity has backed the secondary management buy-out (MBO) of learning disability specialist CareTech Community Services, with a total funding in excess of £35m. The investment gives Barclays a 40% stake in the company, replacing some of the existing shareholders including 3i, whilst the management buyout team, headed by Caretech founders Farouq and Haroon…