INVESTMENT: MP Alpha Capital

Twenty20 Capital launches new $20 million hedge fund with MP Alpha Capital — making a cornerstone investment into their “post-COVID-19” hedge fund.

MP Alpha Capital was founded by John Phillips and Damien Miller with the objective of creating a hybrid and asymmetrical fund mixing digital assets and equities, for the post-pandemic world.

$20m has successfully been secured during their first fundraising round, enabling the fund to go live in the AKJ Ecosystem — a fully digital hedge fund management service.

This strategic partnership enables Twenty20 Capital to diversify its portfolio further.

Tristan Ramus, Founder of Twenty20 Capital, commented: “Our teams are incredibly passionate about diversifying the company’s portfolio and driving exponential growth. We’re bold in our decision-making and use our unbeatable expertise to achieve the best results, which is exactly how we approached this collaboration with MP Alpha Capital.

“As our portfolio of businesses expands and we continue to manage assets in excess of £1bn, we’re excited to develop this strategic partnership with MP Alpha Capital. Making a cornerstone investment into the fund will enable us to diversify the company’s portfolio and provide a hedge on risk.”

Damien Miller, Founding Partner of MP Alpha Capital, commented: “Twenty20 Capital will bring a wealth of expertise across a wide spectrum of sectors, including M&A and debt advisory.

“We look forward to a prosperous partnership as we continue to explore the world of innovation and digital assets in the post-pandemic landscape.”

The AKJ group of companies (AKJ) provides a full-service ecosystem for hedge fund managers. The group, established in 1995, serves hedge fund and institutional clients in 35 countries around the world and is owned by shareholders with over US$18 billion in assets under management.

Gunnar Detlie, CEO of AKJ Investment Management, comments: “Given our unique position and extensive experience working with high-quality funds in both crypto and traditional markets, we are excited to be supporting the launch of MP Alpha Capital, the first hybrid fund on our platform.”

The fund is now closed for new subscriptions but may reopen next year, subject to market conditions.

ACQUISITION: HCRG Care Group

Twenty20 Capital has acquired the former Virgin Care company from the Virgin Group, rebranding it as HCRG Care Group.

Under the leadership of Dr Vivienne McVey, the newly named HCRG Care Group has evolved to become a respected and trusted partner in the provision of high quality and excellent value health and care services, making a positive difference to millions of people across the country.

This transaction helps enable the business to develop additional services that enhance both the quality of provision and the value given back to health and care commissioners.

A Twenty20 Capital spokesperson says: “The acquisition of Virgin Care and rebranding to HCRG Care Group represents an opportunity to support a strong management team and broader workforce to deliver critical health and care services across the community. As an investor in healthcare services for more than 20 years, Twenty20 Capital is excited to support the company’s plans building on its strong market position, whilst growing its services to provide outstanding service to customers.”

Dr Vivienne McVey, CEO of HCRG Care Group says “Whilst we have a new name, as HCRG Care Group it remains business as usual – our team will continue to focus on changing lives by transforming health and care working with commissioners, communities and our hard-working frontline colleagues to deliver joined-up, efficient but above all high-quality services.”

This acquisition is Twenty20 Capital’s seventh transaction this year and its fourth acquisition in the health and social services sector adding c. £260m of revenues to its growing portfolio of businesses.

PARTNER SPOTLIGHT: Close Brothers

Close Brothers is a leading UK merchant banking group offering lending, deposit taking, wealth management services and securities trading. As a FTSE250 company, they employ over 3,000 people, principally in the UK, and are listed on the London Stock Exchange.

Twenty20 Capital is proud to have worked with Close Brothers to conclude a number of pivotal deals, the most recent being that of the Cordant Group, a provider of international workforce based solutions.

Acquisitions, supported by Close Brothers, have contributed to Twenty20 Capital’s phenomenal growth over the last 4 years. Watch the video below to find out more from our very own Tristan Ramus, Chairman and Principal Founder, and Jamie Webb, Chief Investment Officer.

 

 

 

EXIT: CRG Homecare and Allied Healthcare

Twenty20 Capital transfers ownership of homecare services group, CRG Homecare and Allied Healthcare

HCRG (Health Care Resourcing Group), the market-leading recruitment group, has sold its homecare provider businesses CRG Homecare and Allied Healthcare.

HCRG acquired Allied Healthcare in 2018 when it was on the brink of financial collapse. Following a swift turnaround and investment in people, Twenty20 Capital successfully merged Allied with its existing homecare brand (CRG Homecare), focussing on increasing its CQC rating, quality and growing group profitability. Both businesses now have a total revenue of £75m, establishing the group as one of the top five homecare businesses in the UK.

Operating throughout the COVID-19 pandemic, the merger of the two businesses saw care worker hours increase to 80,000 per week. Twenty20 Capital’s core investment philosophy of supporting and augmenting the management team to execute challenging strategic and operational decisions created a highly attractive, scaled and profitable platform in this sector.

HCRG is part of Twenty20 Capital, who agreed the final sale which has created the second largest homecare provider in the country and provided strong returns for management and shareholders.

Ian Munro, group CEO and founder at HCRG, said: “We are delighted to announce the sale of our homecare group (comprising of CRG Homecare and Allied Healthcare). After acquiring Allied Healthcare, we worked closely with the management team and were quickly able to return the business to breakeven trading and successfully raised the CQC rating and drove a plan to merge it with our CRG Homecare business. This increased profitability and allowed us to proudly support the UK community by delivering outstanding care services during the toughest months of the COVID-19 pandemic. This has been a real success story in a challenging market.”

Tristan Ramus, chairman at Twenty20 Capital, said: “Twenty20 Capital is proud to be able to announce the transfer of ownership of our homecare group. Having acquired Allied Healthcare, on the brink of insolvency, the business has been transformed during our period of ownership. The core principles of Twenty20 Capital’s investment philosophy have driven an outstanding shareholder return in under three years. Supporting and augmenting the management team to execute challenging strategic and operational decisions has created a highly attractive, scaled and profitable platform in this highly competitive homecare services market.”