The deal also involved the reorganisation of the BN Care Group, the buyout of the early stage investors in the BN Care Group and the £3,600,000 acquisition of Bymead House Limited.

BN Care Group is a nursing care home group based in the South of England providing a range of residential services to meet the varied needs of elderly people. It has a clear focus on the quality of the care for its residents and has operated three nursing care homes (Hay House and The Dales in Exeter and St Vincent’s in Sussex) since 2017.

The acquisition of Bymead House in Dorset increases the group’s combined capacity to over 120 beds. The BN Care Group currently employs over 100 staff and aims to at least double in size over the next five years while continuing its focus on its residents’ care needs.

The Brachers team was led by Matt Simmonds (Corporate Partner) and also included Alistair Wickham (Corporate Associate) and Cameron Gaston-Penny (Corporate Solicitor).

Wade Newmark, BN Care Group Chief Executive, said:

“Our care homes offer a range of high-quality services from end-of-life support to specialist dementia care. Importantly, all of our homes are rated Good by the Care Quality Commission. The financial backing from BGF and HSBC means we can accelerate our growth plans, supporting even more people in the region that need our services.

I am very grateful to Matt Simmonds and the team at Brachers for all of their support during the transaction. We had to deal with multiple transactions at once with multiple interested parties. Matt and his team supported us at every stage and were vital to helping us achieve a successful completion. A true team effort. I was hugely impressed with their dedication and commitment to our deal.”