Macquarie Lending, a branch of Macquarie Corporate and Asset Finance Group, has provided a loan to support the acquisition of learning disability business ACH Care Homes.
Macquarie provided an undisclosed amount of debt and equity to aid Montreux Capital Management, a Swiss investment firm and KTN Care, a multi-family office with expertise in healthcare, in purchasing the business.
It is understood the debt portion of the financing comprises a senior loan, which will sit on the balance sheet of Macquarie Bank, and that the pricing was structured in such a way as to give ACH flexibility.
Montreux Capital Management is the investment advisor to the Montreux Care Home Fund, from which Montreux's majority equity investment came. KTC Care will provide management expertise and minority equity. Macquarie will also provide minority equity.
Macquarie Group, of which Macquarie Lending is a subsidiary, had AUM of £222 billion as at 30 September 2013. The Corporate and Asset Finance business manages more than £14 billion of funded assets.
Macquarie and Montreux declined to comment beyond the statement.