Britain’s biggest care homes operator Four Seasons is up for sale after the American hedge fund that controls much of its £500m debt pile stepped in.
H/2 Capital Partners, which is in effective control of the group, put the company up for sale on Friday and has swept aside the company’s senior management, installing Baroness Margaret Ford and Mark Ordan to the board of directors.
It comes after the care homes giant, which is still nominally owned by Guy Hands’ private equity vehicle Terra Firma, failed to pay off a portion of debt owed to H/2.
