A 15-minute drive from our client’s existing business, Mereside Care Home for Adults with learning & physical disabilities, is White House, a six-bedroom former bed and breakfast comprising of six double bedrooms all with en suite facilities and a sizeable garden and communal area to the rear of the property.
Our clients own and operate specialist Learning & Physical Disability (L & PD) care homes. They intend on converting the property into another specialist care home. Once all refurbishments have taken place, formal registration will be obtained to operate White House as a six-bedroom L & PD unit.
Our clients, Ben and Menahem are familiar with the care sector having already acquired three care homes in the Midlands. Ben draws on his experience, skills and background working in various positions, mainly within the financial sector. Throughout his career, Ben has worked for BDO, PwC, Merrill Lynch and Deutsche Bank. His most recent role entails ownership and day-to-day operation of Ateret-Avot, a 160-bed Geriatric Hospital in Tel Aviv, Israel.
Menahem has several years’ experience working in accountancy and finance, having worked for KPMG and then as the finance director for one of Israel’s largest vehicle leasing companies. Prior to starting the care home business in the UK, Menahem owned and managed Silco, one of Israel’s largest importers of food packing, disposables and hospitality goods. In 2010, Silco was acquired by BUNZL England, a multinational distribution and outsourcing company operating in 30 countries via 300+ companies in the food packaging and disposables industry. Following his time at Silco, Menahem worked alongside Ben in operating Ateret-Avot Geriatric Hospital.
Ben and Menahem comment on their experience working with Christie Finance in purchasing their third care home “This is the third acquisition we are financing via Stuart and Christie Finance and we always admire the efficiently, value added, and prompt responses Stuart brings to our financing needs. As Christie Finance always deliver the desired results, we look forward to continuing to work with them on future transactions.”
Stuart Pawelczyk, Director at Christie Finance worked with Ben and Menahem to secure funding. He comments “My clients have an excellent track record within the care sector having already acquired and developed two Learning & Physical Disability homes. White House will be a great addition to their existing portfolio and I am sure Ben and Menahem will make a real success of transforming the home into a first class specialist care facility.”