Brighterkind care homes for sale, says report

Terra Firma has put a £225m price tag on 24 Brighterkind care homes that continue to be subject to a legal dispute, it has been reported.

An article in the Financial Times on Sunday (7 October) said the search for a buyer comes after the private equity firm won a court case against H/2 Capital Partners over ownership of the homes.

In June Terra Firma won the case after an error by lawyers in relation to the care homes, which sit in the Four Seasons Health Care Group portfolio.

The High Court ruled that law firm Allen & Overy had incorrectly pledged the 24 homes to H/2 Capital in 2016. The properties were separate to those being sold under a deal between Terra Firma and H/2 Capital Partners.

The FT reports that H/2 is appealing the case despite them being for sale.

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Deven Pamben has more than 15 years’ experience as a journalist, working on newspapers, trade magazines and online publications. A Criminology graduate, Deven worked for Hertfordshire Constabulary before becoming a journalist. He began his journalism career at a local newspaper in Hertfordshire before moving into trade magazines in permanent roles or as a freelancer. Titles he has reported and edited on include Law Society Gazette, Harpers Wine and Spirit, and Health Club Management. Deven has also written travel features for the Sunday People, and spent two years working in Beijing for the official press agency of the People’s Republic of China.