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BGF takes minority stake in Irish nursing home operator

Jan 08, 2019 - SNL European Financials Daily

BGF invested 10 million in The Brindley Manor Federation of Nursing Homes, which does business as Brindley Healthcare, in exchange for a minority stake in the privately owned nursing home operator.

Brindley has a portfolio of eight nursing homes with more than 400 beds in Ireland. It aims to use BGF's investment, along with existing debt facilities from Ulster Bank, to fund acquisitions and meet its domestic expansion target of 1,000 beds by 2020.

Leo Casey, head of BGF in Ireland, ...