Albion Capital’s VCTs are profiting from focus on health and technology

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Albion Capital Group has exited from an investment in care homes, realising a total return of 2.5 times for its venture capital trusts.

The VCT investment manager’s stake in three high-end care homes managed by Berkley Care Group was sold for an undisclosed sum to leading France’s Korian, a leading care services group for elderly and fragile people.

The Berkley Care Group was founded by entrepreneur Seamus Halton and, with Albion’s various tranches of investment since 2014, has helped it to grow to six modern, purpose-built facilities across the South, South West and Midlands.

Albion said the exit is in line with the evolution of Albion’s strategy for the venture capital trusts it manages, which has moved away from asset-backed investments to identify fast-growing tech-enabled businesses whose business models have a positive impact on society, particularly in the areas of healthcare and business software.

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