Healthcare
M&A tax
Moore Kingston Smith advises Endurance Capital on acquisition of majority stake in Forge Care Limited
01 September 2026
Moore Kingston Smith has advised Endurance Capital, an independently owned private equity platform focused on the UK mid-market and select investments in South Africa, on its acquisition of a majority stake in Forge Care Limited.
Forge Care is a leading specialist provider of trauma-informed residential care for young people. Headquartered in Nuneaton, Warwickshire, West Midlands, the business was founded by the Miller family in 2018 and provides homes for up to 24 children who have experienced early disruption to their development.
The company operates The Forge, a purpose-built therapeutic community comprising four Ofsted-registered children’s homes. Forge Care has established a strong reputation for delivering high-quality therapeutic residential care for children and young people aged 6 to 18, working in partnership with local authorities across the UK.
Forge Care is leading a new care model creating high quality, safe and nurturing residential homes surrounded by nature where children can thrive by providing them with the vital support and care needed to be inspired, overcome trauma and fully realise as adults.
The investment will provide Forge Care with the capital and strategic support needed to accelerate its growth, including the development of additional homes, while preserving the culture, values, and clinical model that underpin the business’s positive outcomes.
Founders Gavin Miller, and Ryan Miller will continue in key leadership roles alongside Managing Director Adam Wells, ensuring continuity for children, staff and commissioners.
The transaction marks Endurance Capital’s first investment in the healthcare sector, strengthening its UK investment platform and further diversifying its portfolio.
In this project, Moore Kingston Smith provided tax structuring and tax due diligence services. The team has been led by Dave Coates, M&A Tax Partner, supported by Sam Talbot, M&A Tax Senior Manager, and Elliot Collishaw-Darby, Assistant Manager. They worked to a demanding timetable, delivering commercially focused advice and stakeholder structuring throughout the process.
This deal further strengthens Moore Kingston Smith’s track record in the healthcare sector, following its recent advice on the sale of Stepping Stones Resettlement Unit to Cygnet Healthcare and Priory’s acquisition of Victoria House.
Robbie Lynn of Endurance Capital, said:
“Forge Care is an exceptional business with a genuine commitment to improving outcomes for some of the most vulnerable young people in the country. The team has built something rare – both in terms of physical environment and commitment to delivering therapeutic care at scale. We are excited to support Gavin, Ryan, Adam and the wider team as we write the next chapter of that story.
“Moore Kingston Smith’s M&A tax team has been a true partner to help us navigate the tax complexity of the project. Their ability to provide clear and commercial advice and their commitment to ensure that the project got over the line with a very tight timeline has been impressive”.
Dave Coates, M&A Tax Partner of Moore Kingston Smith, concluded:
“We are delighted to have supported Endurance Capital on this important investment in Forge Care. The business has built an outstanding reputation for delivering high-quality therapeutic residential care and is well positioned for its next phase of growth. It was a pleasure to work alongside the Endurance Capital team. We look forward to seeing Forge Care continue to expand its positive impact under Endurance Capital’s ownership.”
