OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £52m loan to Danforth Care, as part of its acquisition by Warwick Capital Partners, the private equity and credit firm.
The £52m loan from OakNorth will part fund Warwick’s acquisition of a majority stake in national care home operator, Danforth Care, from existing OakNorth customer LNT Care Developments. Danforth Care operates 18 purpose-built and operationally carbon net-zero care homes across the UK, with its portfolio expected to grow to 25 homes in the coming months.
About Warwick Capital Partners: Founded in 2010 and with offices in London and Stamford, Connecticut, Warwick focuses on addressing complex capital needs across equity and debt. With assets under management totalling over $2.5b across its European Flagship Funds, Specialty Funds, and Performing Credit, the firm seeks to unlock value for its investors through a rigorous yet innovative approach to investing.