Regard sold for £119.5m

Specialist care provider Regard has been sold for £119.5m, representing 10.5 times historic EBITDAR of £11.4m for the year ending March 2014.Under the deal with the Australian bank Macquarie and Swiss investment firm Montreux Capital Managment, the Montreux Healthcare Fund has taken a majority equity stake in Regard, including (via the Montreux Care Home Fund)…