Company overview: Literacy Capital’s original investment comprised of the backing of Mountain
Healthcare, a specialist provider of healthcare services to police, custodial and judicial services. The Group has
since grown through seven subsequent acquisitions and is now collectively known as RCI Group.
Our initial investment: The four founding shareholders of Mountain Healthcare were looking for a
solution that allowed two of them to leave at completion and retire, while allowing the remaining two to stay with
the business. Having two of the founders leave at completion was impossible for traditional private equity to get
comfortable with. Fortunately, we were able to identify from our network and swiftly construct a new senior team
which included a CEO, CFO, Sales Director and Business Operations Director, to complement the skillsets of the
individuals remaining with the business.
Building value: Once the foundations were in place with the creation of a highly capable senior
team, RCI Group focused on organic growth opportunities and acquisitions. Since December 2019, the Group has
acquired five further healthcare services businesses. These acquisitions have broadened RCI’s specialist
expertise, customer base and service offering, including the development of a data and analytics division.
Website link: www.rcigroup.co.uk
Completion: September 2018