Arrangement of Finance Package for Client

RNS Number : 1600O

Christie Group PLC

02 November 2016

 

2 November 2016

Christie Group plc
("Christie Group" or the "Company")

Christie Finance broker £26m finance package for Residential Care Home operator

Christie Group plc (CTG.L), the leading provider of Professional Business Services and Stock & Inventory Systems & Services to the leisure, retail and care markets, is pleased to announce that Christie Finance, its specialist Commercial Finance Broker, has successfully arranged a finance package of £26,000,000 for twenty-three of Hollyblue Healthcare's portfolio Residential Care Homes operating in the elderly and specialist care sectors.

Tenants of the portfolio include some of the leading healthcare providers in the UK.

The funding provided by a London based Global Investment Bank raises capital to facilitate future acquisitions. Hollyblue Healthcare is owned by funds advised by Monarch Alternative Capital LP ("Monarch").

Chris Field, Director at Christie Finance, who acted on behalf of Hollyblue Healthcare in securing finance for the portfolio, commented: "With our access to the 'Whole of the Market' we were able to source the most commercial facility, which met the bespoke and intricate requirements of this mandate. I am delighted that we have successfully delivered on what was a challenging remit."

Matthew Glowasky, Managing Principal of Monarch's European affiliate based in London, comments, "Christie Finance have provided excellent and informative advice on our fundraising efforts over the past few years. Their dedicated approach and ability to think outside the box to access the most competitive funding has again paid dividends."

Enquiries:

Christie Group plc

Nick Baker	020 7227 0700
Managing Director, Christie Finance
David Rugg	020 7227 0707
Chief Executive, Christie Group

Dan Prickett	020 7227 0700
Chief Financial Officer, Christie Group

Panmure Gordon (UK) Limited:

Dominic Morley / Charles Leigh-Pemberton                                                                        020 7886 2906

Nominated Adviser & Broker

Notes to Editors:

Christie Group plc, quoted on AIM, is a leading professional business services group with 46 offices across the UK, Europe and Canada, catering to its specialist markets in the leisure, retail and care sectors.

Christie Group operates in two complementary business divisions: Professional Business Services (PBS) and Stock & Inventory Systems & Services (SISS). These divisions trade under the brand names: PBS - Christie & Co, Pinders, Christie Finance and Christie Insurance: SISS - Orridge, Venners and Vennersys.

Tracing its origins back to 1846, the Group has a long established reputation for offering essential services to client companies in agency, valuation services, investment, consultancy, project management, multi-functional trading systems and online ticketing services, stock audit and inventory management. The diversity of these services provides a natural balance to the Group's core agency business.

For more information, please go to www.christiegroup.com

 

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