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Quantuma has acted as lead financial advisor on the management buyout (MBO) of Taking Care from AXA Health.
The transaction, backed by private equity investor LDC, marks a strategic exit for AXA Health and positions the Exeter-based telecare provider for its next phase of digital growth.
Taking Care, founded in 1985, is a provider of technology-enabled care (TEC) products, including personal alarms and smart home monitoring services.
The business currently supports over 150,000 customers across the UK and serves as the exclusive telecare partner for Age Co, the commercial arm of Age UK.
Under AXA Health’s ownership, the firm reported an 87% revenue increase between 2020 and 2024.
The Quantuma team, led by managing director Ian Barton alongside Richard Hill and Luke Kouloumbrides, was initially appointed by Taking Care’s management to run a discreet selection process.
LDC, part of Lloyds Banking Group, was selected as the preferred partner due to its sector experience and capacity to fund future acquisitions. The deal represents Quantuma’s second major corporate carve-out from a listed entity in 2025.
Barton said: “Taking Care is a great business with a great team, now backed by a great investor in LDC. Oliver and the LDC team brought real energy to the transaction, which was key to delivering this deal with AXA.”
Oliver Schofield, investment director at LDC, added: “Taking Care’s services have a real positive impact on customers’ lives. We’re excited to partner with the management team to support their ambition to create new digital solutions to meet the needs of the UK’s ageing population.”
