Lloyds TSB Corporate Markets’ acquisition finance team in London has provided a GBP7.5m package of senior debt to support Sovereign Capital’s GBP18m acquisition of London Care and the b
Lloyds TSB Corporate Markets’ acquisition finance team in London has provided a GBP7.5m package of senior debt to support Sovereign Capital’s GBP18m acquisition of London Care and the business’ ongoing growth strategy.
London Care is a provider of home care services in London, the South-East, East Anglia and the West Midlands.
Ian Sale, managing director at Lloyds TSB Corporate Markets acquisition finance, says: ‘London Care operates in a resilient market, with current population demographics highlighting the UK’s growing demand.
‘The business has a strong reputation and market position, with a demonstrable track record of growth based on its ability to win re-tenders and new bids. We look forward to helping London Care to capitalise on increased demand for its services and continuing our long standing relationship with Sovereign Capital.’
