Advisers to Apposite Capital-backed specialist care providers, Swanton Care, on its new finance package.
Advisers to Apposite Capital-backed specialist care providers, Swanton Care, on its new finance package.
We’ve secured a significant new funding package to help a national care provider continue its organic, greenfield development and buy-and-build growth strategy, leveraging its national footprint to expand high-quality social care services.
Swanton Care provides supported living and 24/7 residential care across England, Scotland and Wales to individuals with complex needs – including those with autism, learning disabilities and mental health issues. This includes providing residential services for young people.
The business is backed by European private equity firm, Apposite Capital, which appointed us to help Swanton secure funding to continue its organic, greenfield development and buy-and-build growth strategy, leveraging its national footprint to expand high-quality social care services.
Our Debt Advisory team assessed the business’s funding needs and explored alternative financing options before negotiating a funding solution with incumbent lenders, Barings and NatWest, that provides Swanton Care with additional capital for complementary M&A, optimises existing facilities and delivers the flexibility it needs to target new greenfield development opportunities.
Tom Cox, Debt Advisory Partner at FRP Corporate Finance, said: “Swanton Care delivers a critical part of the UK’s care system, and it was particularly rewarding to help it secure this financing to support its continued growth. We wish its team all the best for the future.”
David Porter, Founding Partner at Apposite Capital, added: “This was the second time that we’ve worked with FRP Corporate Finance in the last twelve months, and the team have once again provided excellent guidance and support. With these enlarged facilities, Swanton is in an even stronger position to take the next steps on its ambitious plan for growth, which has already seen the business enhance occupancy levels, grow its estate and expand its geographic reach.”
Swanton Care delivers a critical part of the UK’s care system, and it was particularly rewarding to help it secure this financing to support its continued growth.