, which secured a €10 million investment earlier this year from UK venture capital firm Business Growth Fund, has added to its portfolio with the purchase of a nursing home in Co Kildare., secured a 30 per cent stake in Brindley as part of its investment, announced in January, to fund the nursing home group’s planned aggressive expansion., has bought the 79-bed Maynooth Lodge Nursing Home in Co Kildare, which commenced trading in October 2015, for more than €10 million.
BGF provides what is known as “patient capital”, whereby an investor is willing to make a financial investment with no expectation of immediate returns. The group has invested in more than 275 companies in the United Kingdom and launched a dedicated fund for Ireland in late 2017 with up to €250 million to invest in small and medium enterprises.
Brindley was the Irish unit’s first investment. The Ireland Strategic Investment Fund, AIB, Bank of Ireland and Ulster Bank are all investors in the group, which targets equity investments of between €1 million and €10 million.
Does the deal include the old folk?
Health Health Latest News, Health Health Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: IrishTimes - 🏆 3. / 98 Read more »