Daily News: January 6, 2015

Crescent Announces Unitranche Financing

Crescent Capital Group announced its Crescent European Specialty Lending strategy closed a unitranche financing to support the acquisition of Nurse Plus, a UK-based specialist provider of staffing solutions and homecare services to the healthcare industry by Sovereign Capital, the UK-based private equity firm.

“We are pleased that Crescent could provide the capital needed to support Sovereign Capital’s acquisition of Nurse Plus, which will now be able to grow its business and expand its ability to provide highly-qualified nurses and healthcare assistants to private homes, nursing homes, residential care homes, and private hospitals,” said Christine Vanden Beukel, managing director and head of Crescent’s European Specialty Lending strategy. “This transaction is consistent with our strategy of supporting the growth of middle market companies across Europe.”

Nurse Plus was founded in 2005 and has grown to become one of the UK’s largest providers of nurses and carers for establishment settings and within the home, with 35 branches across England.