Macquarie and Montreux divest interests in The Regard Group
London, 21 Dec 2017
Macquarie Principal Finance, the principal financing and investing arm of Macquarie Group’s Corporate and Asset Finance division, together with The Montreux Healthcare Fund PLC have divested its interest in The Regard Group (“Regard”) to specialist investment manager AMP Capital.
Macquarie Principal Finance has been a long-standing shareholder and lender to Regard, the UK’s fourth largest private organisation providing supported living and residential services for people with learning disabilities, mental health needs and acquired brain injury.
Florian Herold, Co-Head of Macquarie Principal Finance Europe, said: “This sale marks the successful finish to an exciting journey for us which started over three years ago. Management’s outstanding work has driven substantial growth in the business while maintaining market leading quality care for its clients. It’s great to see that by working with our partner Montreux, our support and capital investment were able to contribute to this rewarding outcome for clients, staff and shareholders.”
Oliver Harris, Managing Partner of Montreux Capital Management (UK), stated: “Over the last three years we have developed The Regard Group into the foremost specialist care business in the UK. We wish AMP every success with their new acquisition and feel confident that they can grow the platform yet further.”
Julie-Anne Mizzi, Global Head of Infrastructure Health at AMP Capital, said: “Regard has a strong existing management team, offers stable cashflows, and has industry-leading occupancy levels. In addition, the freehold ownership of its properties means they can be tailored to meet local needs, which can support the UK government’s objective of providing quality care closer to home. The strong focus on quality of care at Regard was a critical factor for us given the important social role it plays in the community, and we are committed to continuing to deliver a high standard of care.”
The terms of the transaction are undisclosed.
Macquarie Group Corporate Communications
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About Macquarie Group
Macquarie is a diversified financial group providing clients with asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie employs more than 13,966 people in over 27 countries. At 30 September 2017, Macquarie had assets under management of £227.2 billion. For more information, visit www.macquarie.com.
Part of Macquarie’s Corporate and Asset Finance business, Macquarie Principal Finance provides flexible primary financing and secondary market investing solutions for corporate and commercial real estate clients. As a leading primary lender and acquirer of secondary loans across North America, Europe, and Australasia, Macquarie Principal Finance has provided more than £21.3 billion in financing and investments globally since 2009, with £1.1 billion in the last 12 months alone.
Recognising that every client is different, the expertise provided by Macquarie Principal Finance goes beyond traditional financing to adapt solutions to meet individual client needs. With offices in New York, Chicago, San Francisco, London and Sydney, Macquarie Principal Finance has more than 80 experienced financing and investing professionals globally. For more information visit www.macquarie.com/principalfinance.
The Regard Group
The Regard Group is the majority owned asset of The Montreux Healthcare Fund and one of the largest specialist care businesses in the UK. It offers support to adults with learning disabilities, acquired brain injuries and mental health disorders. Throughout the time that the company has been under the ownership of the fund, it has consistently won awards for the quality of its care and its innovative approach.
AMP Capital is a specialist investment manager with A$178.9 billion in funds under management as of 30 June 2017 and more than 250 investment professionals. AMP Capital has a heritage and strength in real estate and infrastructure, and specialist expertise in fixed income, equities and multi-asset solutions. It is a subsidiary of AMP Limited, which was established in 1849, and is one of Australia's largest retail and corporate pension providers.