Some examples of recent transactions
Resimed Ltd Care Group
Christie Finance advised on the refinancing of Resimed Ltd, a Care Group trading as Safe Harbor Residential Care Homes.
The Group owns and operates a number of care homes offering residential care, nursing care and specialist dementia care services. The Group was assessing both their existing portfolio and plans for the future. Christie Finance were instructed to restructure the portfolio whilst refinancing existing facilities with three different lenders, as well as releasing capital for a new development project.
Christie Finance won the instruction after securing exceptional lending terms for the transaction, overcoming strong competition from the Groups existing lenders. Using Christie Finances’ expertise in the sector, we were also able to negotiate favorable discounts on Day-to-Day Banking facilities, adding further value to the transaction for our clients.
William Morris, Managing Director at Resimed Ltd commented, “Following our request for assistance in refinancing our portfolio we were successful in negotiating highly competitive terms, thanks to the expertise of Christie Finance.”
Specialist Care Portfolio (Property Real Estate Investment)
Christie Finance has helped arrange specialist funding for a £20m real estate investment property portfolio.
The European Investor desired to refinance their group of 10 specialist care homes, with debt secured at 60%.
With new leases in place and a new tenant with good covenant, our Corporate Team secured funding from a niche lender at a very competitive rate of interest.
Having refinanced the properties, the client now has a fighting fund to acquire further care homes as part of their new property acquisition strategy.
Christie Finance successfully arranged a finance package of £26m for twenty-three of Hollyblue
Healthcare’s Residential Care Homes operating in the elderly and specialist care sectors; tenants include some of the leading healthcare providers in the UK.
The funding provided by a London based Global Investment Bank raised capital to facilitate future acquisitions. Hollyblue Healthcare is owned by funds advised by Monarch Alternative Capital LP (“Monarch”).
Director Chris Field, who acted on behalf of Hollyblue Healthcare in securing finance for the portfolio, commented: “With our access to the ‘Whole of the Market’ we were able to source the most commercial facility, which met the bespoke and intricate requirements of this mandate. I am delighted that we have successfully delivered on what was a challenging remit.”
Matthew Glowasky, Managing Principal of Monarch’s European affiliate, comments: “Chris has provided excellent and informative advice on our fundraising efforts over the past few years. His dedicated approach and ability to think outside the box to access the most competitive funding has again paid dividends.”
NewCo Ventures Limited
Christie Finance successfully arranged a multi-million pound funding package for NewCo Ventures Limited, enabling them to purchase the well known Bredbury Hall Hotel & Country Club in Greater Manchester.
Newco Ventures Limited, who currently owns a five star hotel in Dhaka, Bangladesh, were seeking their first venture into the UK Hotel Market and identified Bredbury Hall as an ideal investment opportunity.
Our Corporate Team acted on behalf of the new owner and presented a highly competitive solution from a specialist lender.