PricewaterhouseCoopers, the accountancy firm, has provided corporate finance advice to Barclays Private Equity on its £35m (€55m) management buy-out of CareTech, a UK residential care provider.

CareTech, a family business founded in 1993, provides residential care for people with learning disabilities. It has a broad spread of properties across the south east of the UK. Family businesses tend to shy away from buy-out firms and in this case the owners protected their interests by organising the sale as an auction, run by Deloitte & Touche, the accountants.