BGF backs Brindley Healthcare with €10m

The capital will be used to support acquisitions and organic growth. Utilising the investment and a renewed debt facility from Ulster Bank, Brindley is aiming to increase its bed count from 400 to 1,000 by 2020. BGF's Leo Casey will join the board.

BGF launched a dedicated €250m Ireland fund in 2017, which is backed by the Ireland Strategic Investment Fund as well as three major banks – AIB, Bank of Ireland and Ulster Bank.

Company
Founded in 2000 by entrepreneur Amanda Torrens, Brindley Healtcare is a nursing home group with eight homes and 400 beds. Its current operations are based across Counties Donegal, Galway, Mayo, Kildare and Laois. The group is chaired by Noel Daly, the former CEO of An Bord Altranais, a body that regulates nursing and midwifery in Ireland.

People
BGF – Leo Casey (Ireland head).
Brindley Healthcare – Amanda Torrens (founder and CEO).

Advisers
Equity – A&L Goodbody (legal); Deloitte (financial due diligence, tax); HCI (other due diligence).
Company – Byrne Wallace (legal).

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