MML Capital Partners ("MML") announced today that it has completed a refinancing of the Regard Partnership Limited ("Regard"). This follows MML's initial investment in Regard in April 2007.
Founded in 1994, Regard is one of the UK's leading providers of specialist heathcare services. Regard provides both residential care and supported living services to adults and children with learning difficulties. The group has grown both organically and through acquisitions and now operates across the UK from 120 sites, providing over 750 beds.
The funding package which includes development funds will enable Regard to build on its existing success and to deliver the next phase of its growth plans.
"Regard is a specialist provider of services in its sector. The culture of care instilled by its founders remains at the heart of Regard. The support of the new banking club is a testament to management and the business. We are very pleased to have on board the market leaders in banking sector" Bal Johal, Managing Partner MML Capital Partners LLP.