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 firstname.lastname@example.org.