Senior housing credit fund Elevation Credit Partners has completed a financing transaction with care home operator Anavo Group.
The investment will finance the acquisition of Lindridge Care Home in Brighton & Hove, as well as the development and construction of two new homes.
Jamie Braganza, partner at Anavo said: “Completing the purchase of Lindridge Care Home is an important milestone for our business. After taking on the lease in May 2024, we focused on improving both the care operations and the built environment which delivered a successful turnaround of the home. Elevation have understood our aspirations as a business and helped structure a financing package that supports the sustainable growth of Anavo into the future. This transaction creates a platform for us to further invest in our own developments, and we’re excited to deploy this capital across a strong and growing pipeline of opportunities.”
Zach Smith, investment director at Elevation commented: “We were delighted to provide a bespoke funding package for Anavo to cover both acquisition and contribution to future group expansion through development. Anavo’s environmental strategy mirrors our own and we are impressed by their leading care quality and community engagement programmes. With funding solutions that help developers and operators rapidly scale their business plans, we continue to support the delivery of vital purpose-built senior housing and high-quality care, while enabling investors to access this attractive sector at scale.”
