New Capital Partner - 인테그럼 케어
02 4월 2024
듀크 캐피털 리미티드
("듀크 캐피탈", "듀크" 또는 "회사")
New Capital Partner - 인테그럼 케어
유럽과 북미 지역 중소기업 소유자를 위한 하이브리드 자본 솔루션을 제공하는 선도적인 기업인 Duke Capital Limited(AIM: DUKE)는 발표하게되어 기쁘다 that it has entered into a £14.5 million financing agreement (the "Financing") with a newly formed entity, to acquire Integrum Care - Clearbrook Limited trading as Integrum Care Group ("Integrum"), further diversifying Duke's revenue base. Integrum operates six elderly nursing care homes in Kent and East Sussex.
하이라이트:
· Duke's initial £14.5 million financing will be used to acquire Integrum, as well as replace a rent deposit with the owner of Integrum's leasehold properties
· Integrum has completed six acquisitions of elderly care homes across the Kent and East Sussex 지역 영국의 이내 전에, 과거 six years. Four of the sites were sold and subsequently leased back in 2022, whilst two freehold properties have been retained
· 공작 의도하다 to support Integrum's ongoing buy-and-build strategy, recognising Integrum's strength as a platform and 그것의 impressive management team with a strong track record in the elderly care sector
· Integrum's care homes are well maintained, with strong occupancy levels and good Care Quality Commission ratings. These care homes have a diversified funding mix between private 건강 관리 payors, the NHS and Local Authorities
· The Financing has been agreed on typical Duke terms: 30-year secured financing, monthly cash payments starting in typical range, distributions commencING immediately and to be adjusted annually based on Integrum's consolidated revenue growth
· Duke will also become a 49% equity shareholder in Integrum, building strong alignment with our new capital partner
Duke Capital의 CEO인 Neil Johnson은 다음과 같이 말했습니다.
"Duke is excited to 투자하다 in Integrum and looks forward to contributing to its 지속적으로 success in the future. For us, it 는 이상 platform to support 이내 this sub-sector주로 이 때문에 감독하다 에 의해 해외 투자자를 위한 맞춤형 team led by Adrian Pancott, who brings a wealth of experience 테이블로.
"Integrum has 시연 a strong track record of buying and integrating 품질 elderly nursing care homes run by best-in-class home managers and we look forward to supporting the group as it embarks on its next phase of growth."
Adrian Pancott, CEO of Integrum, said:
"Duke's unique capital offering is a great fit for Integrum at this time as we look to continue to invest in and improve the homes we already own, whilst looking to further M&A. Duke's existing Social Care sector expertise and the importance they place on quality of care makes them the perfect partner for us, and we are delighted about the opportunity to work together going forward. The whole Duke team operates with the highest levels of integrity and have inspired everyone at Integrum from the first day we met them."
Further information regarding Integrum
Integrum Care Group was formed in September 2018 and currently represents a family of six elderly care homes across the South East of England, employing over 475 people and catering for over 300 service users. The group focuses on nursing care within the elderly care industry, providing full residential care typically for residents with higher acuity needs.
The homes are a mix of purpose-built and converted properties with long-standing operations, with some homes having supported their local communities for more than 50 years.
Adrian Pancott is Integrum's CEO and brings a wealth of experience in the elderly care sector, with 20 years of operational experience in leading some of the largest care businesses across specialist and elderly care throughout the UK. Adrian was previously COO of Barchester, where he was responsible for all operational elements of the £2.5bn business with annual turnover of £600m and 17,000 employees. Before this, Adrian spent three years working for the Priory Group as the CEO of their elderly care division.
자금 조달 정보
Duke has committed an initial £14.5 million of capital, while also agreeing in principle to potentially increase its investment in Integrum with future tranches of capital. With regard to further care home acquisitions, Integrum's stated acquisition criteria align closely with Duke's own.
The terms of the Financing are in line with Duke's typical investment criteria. The Financing is provided through a combination of a secured loan and preference shares and Duke will be entitled to monthly distributions (the "Distribution") beginning in April 2024.
In line with Duke's other investments, and reflective of the participating nature of Duke's business model, the Distribution will be adjusted annually based on the percentage change in total combined gross revenues of the Group for the most recently completed financial year (year end December), compared to the prior financial (calendar) year. The first adjustment will occur in April 2025. The annual adjustment in the Distribution will be subject to a -/+ 6% collar.
The Financing is for a period of 30 years, with the Distribution payable to Duke throughout the duration of this term, unless Integrum utilises an early buyback option which will trigger an early buyout payment to Duke.
듀크 캐피탈 포트폴리오
Duke의 현재 파트너 전체 목록은 회사 웹사이트의 파트너 페이지에 참조용으로 포함되어 있습니다. www.dukecapital.com/partners.
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자세한 내용은 다음을 방문하십시오. www.dukecapital.com 또는 문의 :
듀크 캐피털 리미티드 | 닐 존슨 / 찰스 캐논 브룩스 / 휴고 에반스
| + 44 (0) 1481 231 816 |
Cavendish Capital Markets Limited(지명된 고문 및 공동 Broker) | 스티븐 키스 / 칼럼 데이비슨 / 마이클 존슨 | + 44 (0) 207 220 0500
|
Canaccord 제뉴이티 리미티드 (관절 Broker)
| 아담 제임스 / 해리 리스 | + 44 (0) 207 523 8000 |
SEC Newgate(금융커뮤니케이션) | 엘리자베스 코웰 / 앨리스 조 / 매튜 엘리엇 | + +44 (0) 20 3757 6882 공작자본@secnewgate.co.uk |
듀크 캐피탈 소개
Duke는 유럽과 북미 지역의 SME 사업주를 위한 하이브리드 자본 솔루션을 제공하는 선두업체로서 자기자본과 부채의 장점을 결합합니다.
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