PwC advises Amberleigh Care on strategic debt raise to support its Employee Ownership transition
PwC’s Debt & Capital Advisory team (DCA) has successfully advised Amberleigh Care Holdings Limited on the refinancing of its existing debt facility and securing additional financing to support its transition to an Employee Ownership Trust (EOT).
The tailored financing solution facilitated the sale of shares to the EOT while incorporating an additional credit facility to support the company’s capital expenditure plans.
Founded in 2004, Amberleigh Care operates two accredited children’s therapeutic communities, Golfa Hall in Powys, Wales and The Oaks in Shropshire, England. Amberleigh is a leading provider of specialist residential care and education for young males, with an established track record of delivering best-in-class quality outcomes for residents. Amberleigh Care holds excellent Ofsted, CIW & Estyn ratings, whilst being only two of five accredited therapeutic communities for children in the UK.
Dr Kevin Gallagher, Managing Director at Amberleigh Care said:
“We were grateful for the expert support and guidance through the process. This marks the beginning of a new phase for our service as we continue to grow organically, and we believe this is an ethical and sustainable funding model which is much needed for the evolution of our UK sector.”
Ben Johnson, Director in PwC’s DCA team commented:
“We are delighted to have supported Amberleigh Care on this significant transaction, enabling its transition to an Employee Ownership Trust and providing financing to support its future growth. The tailored debt package provides financial flexibility to uphold Amberleigh’s outstanding care and education standards while allowing for the transition of ownership to its dedicated employees.”
The DCA team was led by Adam Horey and Ben Johnson, with support from Steven Asquith and Amar Jawanda. Additional services were provided by PwC’s Tax, Legal, and Valuations teams.
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