Arrowpoint Advisory's Debt Advisory team advises Eden Futures on its recapitalisation
Arrowpoint Advisory's Debt Advisory team has advised Sovereign Capital backed Eden Futures (‘Eden’) on its recent recapitalisation.
Eden provide high-quality, person-centred supported living services for people with disabilities and support needs. Established in 1994, Eden had created its community-based service offering in the East Midlands and earned an excellent reputation for its services. Sovereign Capital invested in Eden to help the company meet the growing demand for its services as individuals increasingly look to live as independently as possible, with care packages tailored to meet their particular needs. It now has over 1,100 employees operating across c.120 localities, providing care services to c. 600 individuals, in locations from Cumbria and East Yorkshire in the North, and Warwickshire and Shropshire in the Midlands.
A comprehensive debt package was provided by Tosca Debt Capital LLP.
Kevin Whittle, Partner at Sovereign Capital, commented: “We are delighted with the debt package that Arrowpoint Advisory negotiated, which supports Eden Futures in pursuing its growth plan.”
Eden's CFO Andy Dean added: “We were impressed with Arrowpoint Advisory's approach to the refinancing process. They simplified a complex process through a combination of their expertise and professionalism.”
Bill Troup, Managing Director, Debt Advisory at Arrowpoint Advisory, commented: “We enjoyed working with Sovereign and Eden Futures’ management team on this important debt raise. The flexible debt package allows the team to continue to focus on providing exceptional support services that transform the lives of those who need their support.”