Leading healthcare investor Downing LLP has agreed a £7.6m funding facility to support residential care operator Country Court.
Country Court operates 35 care homes in England. The new funding will be used to develop a 69-bed purpose-built home, and marks what Downing is calling ‘the start of a new relationship’ with Country Court. Downing says that it is ‘looking to accelerate growth in this needs-based market which is generally underserved and fragmented’. The investor is looking to the social care sector because it dovetails with its environmental, social, and governance (ESG) principles and targets.
Downing makes initial investments of between £5m and £50m and focuses on sectors including healthcare, education, leisure and hospitality, and housing.
Torsten Mack, investment director at 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.”
