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CMG completes £92m refinancing and makes acquisition

Currency, CMG Completes £92m Refinancing and Makes Acquisition - SantanderCb

Learning disability care provider CMG, which is managed by Court Cavendish, has completed a £92m refinancing. The new credit facilities were provided by RBS, Santander and Allied Irish Bank. The move follows last year's appointment of Gleacher Shacklock to look into a range of options to grow the business. The latest refinancing has enabled CMG to acquire Alderwood, a specialist care provider for children and young people with autism. Chai Patel, who runs Court Cavendish, said: 'We're really pleased with the refinancing because it now gives CMG some real firepower for growth.'

 

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