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.

If you would like further information, please contact our press office at press@blplaw.com.

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