(1888PressRelease)
September 05, 2007 - Private equity firms are showing an increased interest in child fostering services, it has been revealed.
Healthcare information provider Laing & Buisson has noted that there has been a shift in the provision of child fostering services from charities and volunteers to professional businesses, especially as the sector is now worth around £890 million in fees every year.
This development has brought the sector to the attention of private equity firms, with 2,000 children now placed by agencies owned by such enterprises, research conducted by the Times suggests.
Indeed, private equity firms own the four largest fostering agencies in the UK, including the Sovereign Capital-owned National Fostering Agency, acquired for an undisclosed fee in December 2006.
"It can be very lucrative," an industry consultant told the Times on the decision of private equity companies to muscle in on the sector.
"They are being attracted by high profit margins and strong demand for fostering placements from local authorities."
Further analysis could be supplied by Aranca, an end-to-end provider of on-demand, custom investment, business and economic research.
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