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Comment

Graphite Capital, a UK mid-market private equity specialist, is providing significant equity capital to fund the development of Willowbrook Healthcare, a care home group for the elderly, as part of a £53 million development capital package. Willowbrook is a new company formed in partnership with the care home management team of John Strowbridge, Ian Matthews and Roger Storey. Graphite is providing a £23 million equity commitment from its most recent fund, Graphite Capital Partners VII, including equity capital from the management team. A banking syndicate, led by Royal Bank of Scotland alongside Allied Irish Bank and Bank of Ireland, is providing a £30 million debt facility. It is envisaged that additional capital facilities will be raised as Willowbrook grows further. The following parties were involved in the transaction: Royal Bank of Scotland: Andrew Branchflower, Paul Halliday and Kate Price. Allied Irish Bank: Marguerite Mulvey and Neil Thomson. McGrigors were legals advisers to the banks. Willowbrook: Legal: Olswang (Stephen Rosen, Adam Crossley, Mark Baynes, Claire Coburn, Kerry Langton and Steve Clark) Tax: PwC (Andy Smith) Commercial: Candesic (Victor Chua and Adam Scott)