Silver Economy Fund acquires multi award winning medical group, The Private Clinic, following £14.3m loan from OakNorth.
OakNorth, the neobank for entrepreneurs, by entrepreneurs, has provided a £14.3m loan to Silver Economy Fund, the private equity fund managed by Quadrivio Group, to support its 100% acquisition of The Private Clinic from Bluegem Secondary LP.
The acquisition will see Silver Economy Fund aim to accelerate The Private Clinic’s growth strategy, while strengthening its market position in the UK and internationally.
Founded in 1983, The Private Clinic is an award-winning provider of advanced and effective cosmetic treatments that sees over 15,000 new patients and performs c.10,000 procedures every year. Its network of clinics, including sites located along London’s famous Harley Street, as well as in Northampton, Birmingham, Leeds and Manchester, house some of the best medical and clinical staff in the UK, dedicated to helping customers achieve their desired results.
About Silver Economy Fund: Launched in April 2021, Silver Economy Fund is the first Italian private equity fund to invest in European and US based companies, which offer bespoke products and services to the over-50s age group. Supplying these businesses with the necessary capital to accelerate growth and development, the fund promotes strategic investments in new business models, which can be implemented through investment in digital technologies and research.