Raising unitranche facility to fund recapitalisation of Nurseplus

Deal typeM&A & Private Equity
IndustryHealthcare & Professional Services

Nurseplus is a market leading provider of agency care workers to the private health and social care sectors. Since investment by Sovereign Capital Partners (“SCP”) at the end of 2014 the Company has grown to become the second largest provider in the industry with 51 branches across the UK.

Despite the well-publicised impact of COVID on a number of Nurseplus’ end markets, BDO Debt Advisory successfully supported the company in raising a highly flexible and cost-effective unitranche facility. The transaction facilitated an optimisation of the company’s capital structure by refinancing its existing term loan and repaying investor loan notes.

"We have worked with BDO Debt Advisory on multiple occasions and they consistently deliver positive outcomes for SCP. On this latest deal, they also provided insightful and thoughtful advice as well as valuable hands-on support.  They were instrumental in achieving a great result for the company and its shareholders within a short timeframe via a tailored process.”

Dominic Dalli, Managing Partner – Sovereign Capital Partners

"Thank you for all your help on this project. We are very grateful for all your help and guidance along the way – it was invaluable!

Gareth Stewart, FD – Nurseplus