HgCapital, the mid-market buy-out firm, has made 2.8 times its money on Tunstall, a UK telecare provider, which it has sold to rival Bridgepoint for £225m (€336m). The deal gives Bridgepoint the leading position in UK telecare products.

Telecare products provide medical care technology in the home to allow doctors to monitor their patients remotely. Bridgepoint will merge Tunstall with the telecare division of another portfolio company, Attendo Group.