Downing LLP grows with £7.6 million care home development deal

8/6/22
5 min
Social care
News

Investment manager Downing LLP has agreed a £7.6 million funding facility to support Country Court, a leading national operator and developer of elderly residential care.

The loan to develop a 69-bed modern purpose-built care home, is the start of a new relationship for Downing’s Development Capital team with Country Court - which owns and operates 35 homes in England.

As a market leading healthcare investor, Downing is looking to accelerate growth in this needs-based market which is generally underserved and fragmented.  Additionally, the elderly care sector aligns perfectly with Downing’s own environmental, social and governance (ESG) principles and targets.

Torsten Mack, Investment Director, Downing LLP said: “We are looking forward to working with the Country Court team on this development, supporting their growth plans and developing the relationship. Country Court perfectly represents the type of team we want to work with at Downing, as leaders in their respective sector with a strong track record in delivering high-quality care.

This type of deal falls right into our sweet spot by providing investment to a nationwide provider of care with this particular site located in an underserved community.”

Downing’s Development Capital team partners with exceptional management teams to help realise their growth ambitions and maximise the potential of their business by providing flexible funding solutions, strategic support, and access to its networks.

Downing can invest across the capital structure creating bespoke funding solutions including the full spectrum from fixed-return lending to taking majority equity positions. Downing looks for initial investments of between £5 million and £50 million and focuses on sectors including healthcare, education, leisure and hospitality, housing, and other specialist sectors.

Downing integrates analysis of ESG factors into investment decision making and shares best practice and supports companies to help drive a positive contribution to society and the environment.

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Investment manager Downing LLP has agreed a £7.6 million funding facility to support Country Court, a leading national operator and developer of elderly residential care.

The loan to develop a 69-bed modern purpose-built care home, is the start of a new relationship for Downing’s Development Capital team with Country Court - which owns and operates 35 homes in England.

As a market leading healthcare investor, Downing is looking to accelerate growth in this needs-based market which is generally underserved and fragmented.  Additionally, the elderly care sector aligns perfectly with Downing’s own environmental, social and governance (ESG) principles and targets.

Torsten Mack, Investment Director, Downing LLP said: “We are looking forward to working with the Country Court team on this development, supporting their growth plans and developing the relationship. Country Court perfectly represents the type of team we want to work with at Downing, as leaders in their respective sector with a strong track record in delivering high-quality care.

This type of deal falls right into our sweet spot by providing investment to a nationwide provider of care with this particular site located in an underserved community.”

Downing’s Development Capital team partners with exceptional management teams to help realise their growth ambitions and maximise the potential of their business by providing flexible funding solutions, strategic support, and access to its networks.

Downing can invest across the capital structure creating bespoke funding solutions including the full spectrum from fixed-return lending to taking majority equity positions. Downing looks for initial investments of between £5 million and £50 million and focuses on sectors including healthcare, education, leisure and hospitality, housing, and other specialist sectors.

Downing integrates analysis of ESG factors into investment decision making and shares best practice and supports companies to help drive a positive contribution to society and the environment.

We are delighted to announce that Mark Gross, Partner and Head of Development Capital, has been named Equity Investor of the year at the HealthInvestor Power List 2024 Awards.

Following Mark’s achievement last year when he won the “Leading Investor” award at HealthInvestor’s Power50, this year’s win further highlights his continued success and expertise in investing across the healthcare sector. 

The judges praised Mark for finding success both in value and volume this year, delivering good returns and growth. They were impressed by how Mark has continued to strengthen a strong track record with further growth in the team and new funds securing further backing. We extend our thanks to Mark and the Downing Development Capital team for their continued dedication and support in expanding our healthcare investment activities with a focus on quality, performance and reputation. 

Congratulations Mark!

Development Capital  

Downing Development Capital is an award-winning investor focused on investment opportunities into asset-backed operating businesses with downside protection. Typical sectors they invest in include healthcare, specialist education, hospitality, leisure and IT infrastructure.

Learn more about our Development Capital team

Investment manager Downing LLP has agreed a £7.6 million funding facility to support Country Court, a leading national operator and developer of elderly residential care.

The loan to develop a 69-bed modern purpose-built care home, is the start of a new relationship for Downing’s Development Capital team with Country Court - which owns and operates 35 homes in England.

As a market leading healthcare investor, Downing is looking to accelerate growth in this needs-based market which is generally underserved and fragmented.  Additionally, the elderly care sector aligns perfectly with Downing’s own environmental, social and governance (ESG) principles and targets.

Torsten Mack, Investment Director, Downing LLP said: “We are looking forward to working with the Country Court team on this development, supporting their growth plans and developing the relationship. Country Court perfectly represents the type of team we want to work with at Downing, as leaders in their respective sector with a strong track record in delivering high-quality care.

This type of deal falls right into our sweet spot by providing investment to a nationwide provider of care with this particular site located in an underserved community.”

Downing’s Development Capital team partners with exceptional management teams to help realise their growth ambitions and maximise the potential of their business by providing flexible funding solutions, strategic support, and access to its networks.

Downing can invest across the capital structure creating bespoke funding solutions including the full spectrum from fixed-return lending to taking majority equity positions. Downing looks for initial investments of between £5 million and £50 million and focuses on sectors including healthcare, education, leisure and hospitality, housing, and other specialist sectors.

Downing integrates analysis of ESG factors into investment decision making and shares best practice and supports companies to help drive a positive contribution to society and the environment.

Downing's Mysa Care continues to grow specialist care business
Learn more

Torsten Mack, Investment Director at Downing, said:

"We are proud to support this exceptional management team, whose strong track record positions them well to build a new business in dementia care. This needs-based sector is underpinned by a lack of quality supply and we are investing in Fortava Healthcare to set and deliver high standards, and to help make a difference."

Johann van Zyl, CEO at Fortava, added:

"I’m thrilled to be working with Jamie, as we share the same values. We plan to grow Fortava into a leading provider of dementia care over the next five to seven years. But growth isn’t our primary focus—our goal is to deliver outstanding care and foster a joyful, supportive environment for both residents and staff. We’re delighted to be partnering with Downing who also share our values and we look forward to this journey with them."

Jamie Stuart, CFO at Fortava, commented:

“For me, it's about being more than just another care home provider. While dementia care in the UK is generally of a good standard, we want to set ourselves apart with a fresh approach. That’s why, after over 25 years in banking, I chose to partner with Johann and Downing on this venture.”

Investment manager Downing LLP has agreed a £7.6 million funding facility to support Country Court, a leading national operator and developer of elderly residential care.

The loan to develop a 69-bed modern purpose-built care home, is the start of a new relationship for Downing’s Development Capital team with Country Court - which owns and operates 35 homes in England.

As a market leading healthcare investor, Downing is looking to accelerate growth in this needs-based market which is generally underserved and fragmented.  Additionally, the elderly care sector aligns perfectly with Downing’s own environmental, social and governance (ESG) principles and targets.

Torsten Mack, Investment Director, Downing LLP said: “We are looking forward to working with the Country Court team on this development, supporting their growth plans and developing the relationship. Country Court perfectly represents the type of team we want to work with at Downing, as leaders in their respective sector with a strong track record in delivering high-quality care.

This type of deal falls right into our sweet spot by providing investment to a nationwide provider of care with this particular site located in an underserved community.”

Downing’s Development Capital team partners with exceptional management teams to help realise their growth ambitions and maximise the potential of their business by providing flexible funding solutions, strategic support, and access to its networks.

Downing can invest across the capital structure creating bespoke funding solutions including the full spectrum from fixed-return lending to taking majority equity positions. Downing looks for initial investments of between £5 million and £50 million and focuses on sectors including healthcare, education, leisure and hospitality, housing, and other specialist sectors.

Downing integrates analysis of ESG factors into investment decision making and shares best practice and supports companies to help drive a positive contribution to society and the environment.

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Downing LLP does not provide advice or make personal recommendations and investors are strongly urged to seek independent advice before investing. Investments offered on this website carry a higher risk than many other types of investment and prospective investors should be aware that capital is at risk and the value of their investment may go down as well as up. Any investment should only be made on the basis of the relevant product literature and your attention is drawn to the risk, fees and taxation factors contained therein. Tax treatment depends on individual circumstances of each investor and may be subject to change in the future. Past performance is not a reliable indicator of future performance. Downing LLP is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 545025). Registered in England No. OC341575. Registered Office: Downing, 10 Lower Thames Street, London, EC3R 6AF.

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