Brindley HealthcareFriday, 21 December 2018
ByrneWallace have advised Brindley Healthcare in relation to its €10million investment by BGF (Business Growth Fund). Established in 2000 by Amanda Torrens, Brindley Healthcare now has eight nursing homes with a total of more than 400 beds. Following this landmark investment Brindley intends to more than double in size to 1,000 beds by 2020 such expansion also utilising existing debt facilities from Ulster Bank (on which ByrneWallace advised during 2018).
This investment is the first in the Republic of Ireland by BGF which is backed by the Ireland Strategic Investment Fund (ISIF), AIB, Bank of Ireland and Ulster Bank.
The ByrneWallace team who advised on this transaction was led by Neil Keenan, Partner and Head of Corporate, and included Eamonn Carey, Senior Associate Corporate; Shane Boylan, Solicitor Corporate; Deirdre Lynch, Partner Employment; Fergus Hennessy, Senior Associate Property; Tara Keaney, Senior Associate Tax; Triona Ryan, Senior Associate Banking and Finance and Laura Fitzpatrick, Solicitor, from the Banking and Finance team.
For more details on the transaction, see recent media coverage in the Irish Times by clicking here.