BLP advises Brewin Dolphin on £15m fundraising

Berwin Leighton Paisner LLP (BLP) has advised Brewin Dolphin Limited as nominated adviser and broker to CareTech Holdings plc, on its placing to raise £15m for the purposes of reducing CareTech’s net indebtedness and to provide it with enhanced financial flexibility.

BLP also acted for Brewin Dolphin on CareTech’s £58m flotation on AIM in October 2005 and on CareTech’s £30m secondary fundraising in June 2008.

The BLP team was led by Corporate Finance Partner, Michael Anderson, and Senior Associate Nick Watson.

Commenting on the deal, Michael Anderson said: “We are delighted to advise on this fundraising. Given the challenging market conditions, the strong institutional appetite for the stock is a testament both to the very impressive growth of the business to date and Brewin Dolphin’s reputation in the market.”

Pinsent Masons advised CareTech.

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