Investment manager Downing LLP has agreed a £7.6 million funding facility to support Country Court, a leading national operator and developer of elderly residential care.
The loan to develop a 69-bed modern purpose-built care home, is the start of a new relationship for Downing’s Development Capital team with Country Court - which owns and operates 35 homes in England.
As a market leading healthcare investor, Downing is looking to accelerate growth in this needs-based market which is generally underserved and fragmented. Additionally, the elderly care sector aligns perfectly with Downing’s own environmental, social and governance (ESG) principles and targets.
Torsten Mack, Investment Director, Downing LLP said: “We are looking forward to working with the Country Court team on this development, supporting their growth plans and developing the relationship. Country Court perfectly represents the type of team we want to work with at Downing, as leaders in their respective sector with a strong track record in delivering high-quality care.
This type of deal falls right into our sweet spot by providing investment to a nationwide provider of care with this particular site located in an underserved community.”
Downing’s Development Capital team partners with exceptional management teams to help realise their growth ambitions and maximise the potential of their business by providing flexible funding solutions, strategic support, and access to its networks.
Downing can invest across the capital structure creating bespoke funding solutions including the full spectrum from fixed-return lending to taking majority equity positions. Downing looks for initial investments of between £5 million and £50 million and focuses on sectors including healthcare, education, leisure and hospitality, housing, and other specialist sectors.
Downing integrates analysis of ESG factors into investment decision making and shares best practice and supports companies to help drive a positive contribution to society and the environment.