New Century Care 

Sector:  Healthcare (Care Homes)
Value:  £80 million
Acquirer:  Anchorage Capital Partners  
Deal type:  Share sale, restructuring

and growth capital

 

New Century Care Holdings Ltd owns and operates 1,250 elderly and nursing beds and a 120 bedroom hotel. The shareholders approached ASA for restructuring and capital raising advice. ASA quickly discovered that, given the complexity of the situation, a transaction would not suit a typical private equity investor.

 

ASA identified a handful of special situation and hedge funds and approached them with a potential structure in mind. ASA had a relationship with Anchorage and was able to work with them and the shareholders of New Century Care in completing a transaction.

 

Adam Street Advisers Corporate Finance LLP, a limited liability partnership in England and Wales (OC338478) and Adam Street Advisers Limited, a limited company registered in England and Wales (09579715) together trade as Adam Street Advisers. Adam Street Advisers Corporate Finance LLP is authorised and regulated by the Financial Conduct Authority (487620). Registered office: 21 Ganton Street, London, W1F 9BN.

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Adam Street Advisers