The extensive sector-specific experience of the providers at Auckland Care allows the team to meet a wide spectrum of complex needs provided in close liaison with the local GP, community learning disability and psychiatric teams.
Funding Story:
Auckland Care Ltd, provider of strength-based bespoke care for individuals with learning difficulties, mental health needs and service users on the autistic spectrum, has been supported with a £3.8m funding package by leading alternative finance provider for mid-sized SMEs, ThinCats.
The company aims to enable service users to achieve their full potential whilst maximizing and promoting independence and community integration within a well calculated and agreed positive risk framework, met by delivering care-plans that are structured on a person-centred basis, whilst valuing individual choice, beliefs and aspirations.
Auckland Care was introduced to ThinCats by Jimmy Johns of Christie Finance, specialist commercial financial brokerage. Myles Bennett, supported by Kaleigh Brown (Real Estate) and Naomi Whitfield (Corporate) at Midlands’ firm Wright Hassall advised ThinCats on the legal aspects.
Trinity Munowenyu, Director, Auckland Care: “I am pleased and proud of the deal outcome and the resulting organic and acquisitional business expansion prospects ahead of Auckland Care under my regalvanised leadership. I look forward to developing the offering for those needing our services, and thank ThinCats and Christie Finance for enabling me to realise my goals.
“I am particularly encouraged by the fact that I have been able to establish the beginning of what I view as a long-term business relationship with a partner whose solutions-seeking approach to deals is a pleasure to work with as I press ahead with my growth and service-quality improvement program. I will take the opportunity to thank all the staff and management at Auckland Care for supporting me through hard and committed work without which the achievement of this particular development with Thincats would not have been possible”
Richard Henshaw, Director National Development Healthcare, ThinCats: “Trinity has been successfully overseeing the day-to-day and overall workings of Auckland Care for quite some time, and this MBO is the natural progression for the company. We are delighted that we have been able to support Trinity and the team at Auckland Care, a great example of a dynamic and forward-thinking business.”
Myles Bennett, Associate at Wright Hassall who led the legal team, commented: “We are delighted to have been involved in this important transaction. As a firm we have a lot of experience in advising operators in this sector so understand the importance of having the right financial support in place in order to continue delivering high quality care. We’ve worked with ThinCats on many of their transactions and they are a pleasure to work with.”
Despite the current economic conditions and pandemic, we are delighted by the support provided by ThinCats; they demonstrated a real understanding of the business and plans that Trinity and the Auckland Care Team have for the future. The joined-up approach of ThinCats and Christie Finance to drive this transaction over the line demonstrated a real broker/lender effort.
Jimmy Johns, Christie Finance
