Cabot Square reaps 2x on Signature exit

The deal was financed by a consortium of lenders, with US real estate investment trust HCN acting as senior lender.

In 2013, Signature made several appointments to its senior management team and invested £250m in 11 new care homes across London and the UK's home counties.

The news comes shortly after the GP announced it had reaped a 12x return on the £160m sale of Equitix to a Tetragon Financial Group subsidiary.

Company
Cabot Square founded Signature, a provider of care homes for elderly people, in 2006. The business is headquartered in Beaconsfield, Buckinghamshire, and has a total of 16 sites either completed or in the construction phase.

People
Keith Maddin is a partner at Cabot Square Capital. Tom Newell is executive chairman of Signature.

Advisers
Vendor – Lazard & Co (Corporate finance).

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