Castle Square Corporate Finance advises Private Equity investors on their acquisition of a Scotland based children’s residential care provider. The target specialises in providing residential care for vulnerable children up to the age of 16 and operates a transitional care service, capable of supporting young people aged between 16 and 21 years of age, who are leaving the care system and moving into semi-independent living.The private equity investment provides the Company with access to funding that will allow the Management Team to create more high quality, homely environments for vulnerable children and young people in care, with the aim of doubling the number of beds across the Company in the next five years.
A spokesperson for the Company said “We’re delighted to have completed this transaction. The investment will enable us to launch additional homes and provide care to more children and young people, from across the UK, who need it most”.
Led by Director Patrick Lynch and Brad Green, Yorkshire based dealmakers Castle Square Corporate Finance led on deal negotiations on behalf of the Investors and ran a competitive debt fundraising process, which culminated in acquisition finance and growth capital facilities required by the Company.
Patrick Lynch, said, “A fantastic transaction to have been a part of and humbling to deliver the necessary funding to a Company and Management Team that I am sure will go on to deliver the business plan and create more high quality residential homes for young people in care”.
The structured debt fundraising process saw Shawbrook Bank emerge as the preferred debt funding partner for the Company.
Shawbrook’s specialist healthcare team, led by Christos Christodoulou and Dasos Kirtsides delivered a compelling funding package including growth capital facilities that will allow the Company to purchase, renovate and register up to 12 new homes over the next five years.
Christos Christodoulou, said “A great transaction that we all collaborated on closely to make this happen in great time for a well-established business, with good growth opportunity run by a passionate senior management team in children’s services”
Led by Partner, Jon Gillow, international law firm Hill Dickinson advised the Investors from a legal perspective, with support from Scottish law firm Morton Fraser, who advised on the property aspects of the transaction. Hazlewood’s advised the Investors from a financial and tax due diligence perspective.
Other advisors on the transaction included legal advisors TLT Legal (Glasgow Office), the legal team at Pinsent Mason LLP (Birmingham Office), Claritas Tax (Manchester Office), legal firm Freeths LLP (Manchester Office), KPMG Commercial due diligence team (Dublin Office) and Catalysis Advisory (London Office).
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NOTES TO THE EDITOR
Yorkshire based Castle Square Corporate Finance offer pro-active corporate finance advice to clients throughout the UK, tailoring our service to our clients and their markets, giving us an enviable record of successfully completing deals, including acquisitions and mergers, Management Buy-Outs and Buy-Ins, finance raising and disposals.
Contact Details:
Kerry Webster (Office Manager)
Castle Square Corporate Finance
Tel: 0114 213 8353
Email: Kerry. [email protected]
website: www.castlesquarecf.co.uk
LinkedIn: www.linkedin.com/company/castle-square-corporate-finance
