3/8/2021 | Care Mortgages

Christie Finance enables Management Buyout of specialist care provider in Fareham

Specialist commercial finance broker, Christie Finance, has supported the management buyout of Auckland Care Limited, a specialist, Hampshire based care provider with a proven track record of offering an impeccable standard of specialised support and care for individuals with learning difficulties and mental health needs.

Auckland Care Limited was first established as a residential care business in 2003 and has since expanded its services to include domiciliary care and supported living services across the south coast. The company currently supports 65 service users with mental health, learning disabilities and autistic spectrum care needs, and operates from five freehold properties.

Christie Finance successfully brokered a funding package for Auckland Care Limited that has enabled Director, Mr Trinity Munowenyu, to expand the company’s portfolio. Since joining the business in 2014, Mr Munowenyu, has significantly grown Auckland Care and, with its highly experienced team, is looking to expand and start a new supported living care group as part of the management buyout and acquisition.

Mr Munowenyu comments, “I am pleased to share that, without reservation, working with Christie Finance over the past few months in my endeavours to secure funding for my business in the South of England has been fulfilling and worth every ounce of effort.

“I found Christie Finance to be highly supportive and solution-driven at all hurdles that we came up against during this business journey. I was particularly impressed by the dexterity with which Jimmy Johns at Christie Finance was able to package my project in a bespoke representation, reflecting the positively unique attributes of the business, many of which would have remained uncovered against standard due diligence stencils. I look forward to doing more work with Jimmy and his team at Christie Finance in the near future.”

Jimmy Johns, Associate Director at Christie Finance, who worked with Trinity and the rest of the team at Auckland Care Limited, comments, “Despite the current economic conditions and pandemic, we were able to obtain support for Trinity and the team to buy out the exiting Director. Although, at times, it was challenging, we quickly established that this was an excellent business with an incredibly bright future ahead. I wish them all the very best.”