Midlands Care Completes Acquisition Thanks to New Barclays Funding Deal  

Care provider Midlands Care has completed the acquisition of Linden Care Homes Limited after agreeing a £21m funding arrangement with Barclays.

The Leicester-based group has completed a deal comprising three purpose-built care homes: Linden Lodge Nursing Home and Linden Lodge Residential Home, both in Tamworth, plus Linden Grange Residential Home in Nuneaton.

These homes provide 144 registered beds and represent a significant addition to the Midlands Care portfolio, who now provide specialist, compassionate care for more than 500 residents across the region.

The deal represents the latest milestone in the expansion of Midlands Care and further strengthens its relationship with Barclays. Having started with a £600,000 loan facility 11 years ago, Midlands Care has now evolved into a group of 15 care settings, with Barclays supporting them throughout every step of this accelerated growth, culminating in this latest £21m funding package.

As part of its Business Prosperity Fund, Barclays has made £22bn of funding available to support the growth of British SMEs through a bespoke lending service, crafted to support the unique goals of the business.

Our corporate team advised on the deal and has been a strategic partner in Midlands Care’s acquisition journey, advising on 11 similar deals in the past eight years.

Shyamal Raja, Managing Director, Midlands Care, said: “This acquisition marks an exciting new chapter for Midlands Care’s journey, expanding our presence across the West Midlands and enabling us to provide exceptional, trusted, and compassionate care to even more families and communities. The deal reflects our dedication to diversifying care provision and ensuring exceptional service remains accessible to all.

“We are thankful to the teams at Barclays and Shakespeare Martineau for their hard work. A chance conversation more than a decade ago has led to Barclays being our corporate banking partner and they have continually supported the ambitions of the group whilst ensuring growth remains sustainable and well-structured. The sector expertise, commercial understanding and responsiveness of the Shakespeare Martineau team has made them a trusted adviser to the group and our relationship remains both incredibly strong and highly collaborative.”

Amit Sonpal, Head of Mid-Corporate East Midlands, Barclays, added: “It has been a pleasure to be part of the continued success of Midlands Care over the past decade and we are proud to have supported them again with this latest acquisition. Our Business Prosperity Fund demonstrates our commitment to supporting the growth of businesses in a tailored fashion in the East Midlands and beyond.”

Roger Harcourt, head of Nottingham and corporate partner, added: “This acquisition marks another important milestone for Midlands Care, increasing scale and living up to its name by growing its footprint across the entire Midlands region.

“This was a convoluted transaction and a great team effort. The Raja brothers have demonstrated their ability to do deals at scale. As a long-standing client, it has been a privilege and a pleasure to support them over several years as they continue to deliver on their ambitious vision for Midlands Care.”

Legal counsel was provided by our team including Roger Harcourt, Emma Ali, Charley McEvoy and David Adams. The Barclays team was led by Amit Sonpal and Lee Ekins. Financial expertise and due diligence was provided by Robert Drake and Tony Hornsby of accountancy firm SMH Mitchells.

This content is provided for general informational purposes only and does not constitute legal advice. It is not intended to address the circumstances of any individual or entity, nor should it be relied upon as a substitute for specific advice from a qualified solicitor. The information reflects the legal position as at the date specified and may be subject to change. If you require advice on a specific matter, please contact us directly.