Christie Finance secures £26m capital for acquisition plans

Christie Group, a leading provider of professional business services and stock and inventory systems, announced that its commercial finance broker has successfully arranged a finance package of £26m to fund future acquisitions.

The package is for 23 of Hollyblue Healthcare’s portfolio Residential Care Homes, which is owned by funds advised by Monarch Alternative Capital.

Matthew Glowasky, managing principal of Monarch's European affiliate based in London said: "Christie Finance have provided excellent and informative advice on our fundraising efforts over the past few years. Their dedicated approach and ability to think outside the box to access the most competitive funding has again paid dividends."

The portfolio also includes some of the leading healthcare providers in the UK.

Chris Field, director at Christie Finance who acted on behalf of Hollyblue Healthcare in securing finance for the portfolio, said: "With our access to the 'Whole of the Market' we were able to source the most commercial facility, which met the bespoke and intricate requirements of this mandate. I am delighted that we have successfully delivered on what was a challenging remit.”

The share price fell by 0.82% to 90.75p at the close on Wednesday.