Bridgepoint and Robinia complete £50m deal

Posted on July 1st, by editor in Caring Times. No Comments

The Robinia Care Group, a major provider of specialist care for people with learning difficulties, has completed a £50m transaction with Bridgepoint that will result in the private equity provider taking a majority stake in the business. Bank of Scotland has provided acquisition debt as well as committing development funding for future growth plans. The Robinia management team, led by chief executive Elizabeth Wagstaff, has invested £4.6m to secure a significant minority stake in the company. The business had hitherto been funded exclusively with a debt and mezzanine package from Bank of Scotland. Set up in 1995, Robinia operates a portfolio of 51 homes with a total of 426 beds located across the Midlands and the South of England. Robinia provides residential and nursing care services for residents with learning disabilities who typically suffer from complex needs or exhibit challenging behaviour. In many cases they require one-to-one support with specialist staff 24 hours a day. Martin Dunn, director at Br

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