BLP advises Brewin Dolphin on £30m fundraising

Berwin Leighton Paisner LLP (BLP) has advised Brewin Dolphin Limited (Brewin Dolphin) as nominated adviser and broker to CareTech Holdings plc (CareTech), on its placing to raise £30m for the purposes of paying down debt and funding future acquisitions.

BLP also acted for Brewin Dolphin on CareTech’s £58m flotation on AIM in October 2005. CareTech provides quality housing and support services to adults with a range of learning and physical disabilities.

The BLP team was led by Corporate Finance Partner, Michael Anderson, assisted by 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 at a discount to CareTech’s prevailing market price is a testament to its impressive performance to date and Brewin Dolphin’s reputation in the market.”

Pinsent Masons LLP advised CareTech.

If you require any further information, please contact Michael Anderson at


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