Macc Care Group: High quality care home and retirement living developer (UK)

13/7/21
5 min
Social care
Case study

About Macc Care Group Limited (MCG): 

MCG is a developer, operator and owner of high-quality elderly residential care homes and retirement living schemes located across the Midlands. The business was set up in 2004 and aims to improve the quality of care throughout the West Midlands by increasing the supply of best-in-class asset stock. The management team focuses on developing facilities that deliver consistently strong care standards and create positive relationships with the local community.  

Downing’s relationship with MCG: 

We first partnered with MCG in 2017 having identified the business as an experienced operator and developer with a strong track record in the sector. Downing has built on the relationship with the management team, having funded 10 of MCG’s schemes and development projects to date. We have been impressed by the quality and specification of the sites MCG has developed, as well as its operational capabilities and the level of care it provides.  

Downing’s value add:  

Throughout our partnership with MCG, we have developed a close relationship with the management team. This meant that we were able to facilitate a number of value-add activities:

  • By working closely with management throughout the acquisition process, we have been able to maximise the business’s upside potential and return on capital
  • This relationship-based approach has also enabled us to quickly provide suitable and well-constructed funding opportunities
  • Been able to transact on opportunities quickly and fund developments as soon as they become “shovel” ready 

Since partnering with MCG, we have always taken a pragmatic and commercial view even under challenging circumstances. For example, throughout the peak of the Covid-19 pandemic, we continued to partner with MCG in acquiring and funding its schemes.

The future:  

We are keen to build on our strong relationship with MCG and continue funding its development projects and expansion plans. We believe with the foundation in place set by the excellent management team, MCG will cement its place as a leading care provider in the Midlands area.

Macc Care Group commented: “Downing’s funding model and the support we’ve received from the team have helped us to capture a range of strategic opportunities. Downing’s knowledge of the sector and its ability to understand our business have allowed us to efficiently deliver on our objective of developing a portfolio of premium-quality elderly residential care homes and retirement living schemes.”

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About Macc Care Group Limited (MCG): 

MCG is a developer, operator and owner of high-quality elderly residential care homes and retirement living schemes located across the Midlands. The business was set up in 2004 and aims to improve the quality of care throughout the West Midlands by increasing the supply of best-in-class asset stock. The management team focuses on developing facilities that deliver consistently strong care standards and create positive relationships with the local community.  

Downing’s relationship with MCG: 

We first partnered with MCG in 2017 having identified the business as an experienced operator and developer with a strong track record in the sector. Downing has built on the relationship with the management team, having funded 10 of MCG’s schemes and development projects to date. We have been impressed by the quality and specification of the sites MCG has developed, as well as its operational capabilities and the level of care it provides.  

Downing’s value add:  

Throughout our partnership with MCG, we have developed a close relationship with the management team. This meant that we were able to facilitate a number of value-add activities:

  • By working closely with management throughout the acquisition process, we have been able to maximise the business’s upside potential and return on capital
  • This relationship-based approach has also enabled us to quickly provide suitable and well-constructed funding opportunities
  • Been able to transact on opportunities quickly and fund developments as soon as they become “shovel” ready 

Since partnering with MCG, we have always taken a pragmatic and commercial view even under challenging circumstances. For example, throughout the peak of the Covid-19 pandemic, we continued to partner with MCG in acquiring and funding its schemes.

The future:  

We are keen to build on our strong relationship with MCG and continue funding its development projects and expansion plans. We believe with the foundation in place set by the excellent management team, MCG will cement its place as a leading care provider in the Midlands area.

Macc Care Group commented: “Downing’s funding model and the support we’ve received from the team have helped us to capture a range of strategic opportunities. Downing’s knowledge of the sector and its ability to understand our business have allowed us to efficiently deliver on our objective of developing a portfolio of premium-quality elderly residential care homes and retirement living schemes.”

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

About Macc Care Group Limited (MCG): 

MCG is a developer, operator and owner of high-quality elderly residential care homes and retirement living schemes located across the Midlands. The business was set up in 2004 and aims to improve the quality of care throughout the West Midlands by increasing the supply of best-in-class asset stock. The management team focuses on developing facilities that deliver consistently strong care standards and create positive relationships with the local community.  

Downing’s relationship with MCG: 

We first partnered with MCG in 2017 having identified the business as an experienced operator and developer with a strong track record in the sector. Downing has built on the relationship with the management team, having funded 10 of MCG’s schemes and development projects to date. We have been impressed by the quality and specification of the sites MCG has developed, as well as its operational capabilities and the level of care it provides.  

Downing’s value add:  

Throughout our partnership with MCG, we have developed a close relationship with the management team. This meant that we were able to facilitate a number of value-add activities:

  • By working closely with management throughout the acquisition process, we have been able to maximise the business’s upside potential and return on capital
  • This relationship-based approach has also enabled us to quickly provide suitable and well-constructed funding opportunities
  • Been able to transact on opportunities quickly and fund developments as soon as they become “shovel” ready 

Since partnering with MCG, we have always taken a pragmatic and commercial view even under challenging circumstances. For example, throughout the peak of the Covid-19 pandemic, we continued to partner with MCG in acquiring and funding its schemes.

The future:  

We are keen to build on our strong relationship with MCG and continue funding its development projects and expansion plans. We believe with the foundation in place set by the excellent management team, MCG will cement its place as a leading care provider in the Midlands area.

Macc Care Group commented: “Downing’s funding model and the support we’ve received from the team have helped us to capture a range of strategic opportunities. Downing’s knowledge of the sector and its ability to understand our business have allowed us to efficiently deliver on our objective of developing a portfolio of premium-quality elderly residential care homes and retirement living schemes.”

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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.”

About Macc Care Group Limited (MCG): 

MCG is a developer, operator and owner of high-quality elderly residential care homes and retirement living schemes located across the Midlands. The business was set up in 2004 and aims to improve the quality of care throughout the West Midlands by increasing the supply of best-in-class asset stock. The management team focuses on developing facilities that deliver consistently strong care standards and create positive relationships with the local community.  

Downing’s relationship with MCG: 

We first partnered with MCG in 2017 having identified the business as an experienced operator and developer with a strong track record in the sector. Downing has built on the relationship with the management team, having funded 10 of MCG’s schemes and development projects to date. We have been impressed by the quality and specification of the sites MCG has developed, as well as its operational capabilities and the level of care it provides.  

Downing’s value add:  

Throughout our partnership with MCG, we have developed a close relationship with the management team. This meant that we were able to facilitate a number of value-add activities:

  • By working closely with management throughout the acquisition process, we have been able to maximise the business’s upside potential and return on capital
  • This relationship-based approach has also enabled us to quickly provide suitable and well-constructed funding opportunities
  • Been able to transact on opportunities quickly and fund developments as soon as they become “shovel” ready 

Since partnering with MCG, we have always taken a pragmatic and commercial view even under challenging circumstances. For example, throughout the peak of the Covid-19 pandemic, we continued to partner with MCG in acquiring and funding its schemes.

The future:  

We are keen to build on our strong relationship with MCG and continue funding its development projects and expansion plans. We believe with the foundation in place set by the excellent management team, MCG will cement its place as a leading care provider in the Midlands area.

Macc Care Group commented: “Downing’s funding model and the support we’ve received from the team have helped us to capture a range of strategic opportunities. Downing’s knowledge of the sector and its ability to understand our business have allowed us to efficiently deliver on our objective of developing a portfolio of premium-quality elderly residential care homes and retirement living schemes.”

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