BGF injects £3.85m into Dolphin Homes

Financial details of the transaction remain undisclosed. According to a statement, the company aims to use the capital injection to acquire two care homes in Hampshire and boost the development of its existing estate, expanding its number of beds under management from 99 to 136.

Following the deal, Mark Beadle will join the company as non-executive chairman. Beadle is chair of BGF-backed Springfield Healthcare and was previously CEO at Priory Healthcare Group.

Company
Founded in 1988 and based in Havant, Dolphin Homes focuses on care services for adults with complex health needs, including learning difficulties, challenging behaviour and physical disabilities. The company currently manages 12 homes with 99 beds across Hampshire, West Sussex and Surrey.

People
Business Growth Fund – Greg Norman (senior investment manager); Edwin Davies, Ned Dorbin (investors).
Dolphin Homes – Peter Heather (founder); Nick Heather (managing director).

Advisers
Equity – Coffin Mew & Clover (legal)
Company – Paris Smith (legal).

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• Topics
• Expansion
• Healthcare
• UK / Ireland
• Venture
• United Kingdom
• BGF (Business Growth Fund)