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Press Release

Nordic-based Capital Four provides Unitranche financing to Towerview Care Group Acquisition

Press Release
22.12.2021

On behalf of our investors in the Private Debt IV - Flexible fund managed by Capital Four, we are pleased to announce the financing of Weight Partners Capital LLP's acquisition of Grosvenor Health and Social Care ("Grosvenor") and refinancing of Towerview Care Group ("Towerview") with unitranche facilities and additional committed financing to support buy and build activities.

About Towerview and Grosvenor

Towerview was established in 2017 and is the largest provider of high-quality care for older people with dementia, mental health issues and complex care needs in UK. Today, the Company owns seven sites across the UK, operating in an inappropriately served segment in the UK as most prospective service users are placed in unsuitable settings.

Grosvenor is a leading national provider of homecare services to private and publicly funded service users. It operates 57 branches across Great Britain through six brands, each serving a specific region, and include sessional homecare, extra care, hospital discharge and live-in.

About Capital Four

Capital Four is an industry-leading credit asset management boutique rooted in Scandinavian culture. Headquartered in Copenhagen, Denmark, the team of 100+ professionals manage €15+bn on behalf of a global client base. The firm offers investment solutions within global high yield bonds, senior loans, structured credit, multi-asset credit, and Nordic & Northern European private debt. The company currently manages €2.4+bn across its Nordic & Northern European focused private debt mandates and deployed €1.2+bn over the last year on behalf of its funds Private Debt III – Senior and Private Debt IV – Flexible. For more details, please visit www.capital-four.com.   

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MEDIACONTACT 

If you’d like more information on this release, please contact

 

Per Stoltze  Kristensen, Director  

Tel: +45 3525 6133

E-mail: per.kristensen@capital-four.com

 

Mikkel  Sckerl, Partner

Tel: +45  3525 6112

E-mail: mikkel.sckerl@capital-four.com