Swanton Care has secured a new funding package from FRP Corporate Finance to support its organic, greenfield development and buy-and-build growth strategy.
Swanton Care which is backed by European private equity firm Apposite Capital, provides supported living and 24/7 residential care across Great Britain to individuals with complex needs, including those with autism, learning disabilities and mental health issues. This includes providing residential services for young people.
Apposite Capital appointed FRP Corporate Finance’s debt advisory team to help Swanton Care secure incremental and optimally priced funding. The 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 flexibility for the targeting of 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.”
David Porter, founding partner at Apposite Capital, added: “This was the second time that we’ve worked with FRP Corporate Finance in the last 12 months… 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.”