Skip to main content Skip to footer

£20 million of debt financing secured for LV Care Group

24 01 20 carehome funding

Funding has allowed acquisition of two new care homes in Jersey and Isle of Man and the refinancing of existing residences owned by the Group

Colliers International has secured a £20 million debt financing package for LV Care Group, a Jersey based residential and nursing care home provider, from OakNorth Bank.

The debt advisory team at Colliers secured financing from OakNorth Bank – a first offshore transaction for the bank - following an extensive review of potential funders in the market. The £20 million will be used to acquire two new care homes; the Jeanne Jugan Residence in Jersey and the Kings Reach Nursing Home in the Isle of Man, as well as refinance / provide expansionary capex for three of its existing care homes in Jersey.

Laurence Richardson, director in the Colliers debt advisory team who led the transaction, commented: “By working closely with LV Care Group and negotiating a series of tailored committed and accordion facilities, we are delighted to have helped LV to expand its portfolio while reducing its blended cost of capital. It is pleasing to have been able to introduce Oaknorth Bank to the Group, who were able to understand the complex and multi-faceted nature of LV Group’s current and expansionary business plans.  We believe it is a well-matched relationship that should grow beyond the immediacy of the present funding package, delivering long term value to both parties.”

Nick Bettany, CEO of LV Group added: “The Colliers team worked very closely with our senior management over an extended period of time to develop an in-depth understanding of our operations and funding requirements and we were presented with a significant choice of interested parties. After much consideration we were excited to proceed with Oaknorth Bank that was able to offer a dynamic and flexible approach to senior lending that aligned best with our high growth trajectory and existing capital structure. We are grateful to Colliers debt advisory for their support and look forward to working together again in future.”


Related Experts

Laurence Richardson


Debt Advisory


Laurence is a Director at Colliers International in Jersey, where he joined the team in 2016.

He specialises in institutional and corporate debt financing. Working across all parts of the debt stack, and all real estate asset classes, he is passionate about structuring creative credit solutions to further a client’s investment objectives and maximise target returns.

View expert

Rebecca Allen

PR Manager

Marketing & Communications

London - West End

I have been working in commercial property communications for over 10 years  having previously worked at CBRE and Savills.

In my role at Colliers I am responsible for the PR of National Capital Markets, London Offices and Investment Property  Management teams as well as Scotland.

My role includes:

  • Creating and exectuing PR plans for business lines that span press, marketing and digital channels
  • Media monitoring and reporting
  • Advising on brand, tone of voice and profile raising 
  • Journalist relationship building through face to face meetings, phone calls day to day assistance with stories
  • Reputation management of the Colliers brand



View expert