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BGF welcomes successful exit of Brindley Healthcare

BGF News 23.09.2020.

BGF has welcomed the successful acquisition of a 50% shareholding in Brindley Healthcare by French multinational Orpea, a leading European operator in dependency care.  As a result of the transaction, BGF has now exited the business which was its first investment in the Republic of Ireland.

Speaking today, Leo Casey, Head of BGF in Ireland, wished Brindley Healthcare and Orpea every success in the future; “Brindley was our first investment in Ireland and we are immensely proud of it.  Brindley is now one of the largest nursing home groups in the country.  We were delighted to be able to support Amanda Torrens and her team on their ambitious growth agenda over the past two years.  Typically, our investments are for longer terms than is the case in this instance but in BGF we also don’t stand in the way of our investee companies when the right exit comes around.  In Orpea, Brindley have attracted a highly credible international operator that will underpin their leadership position in the Irish market.”

Amanda Torrens, founder and CEO of Brindley Healthcare paid tribute to BGF and the support they provided to the business; “I can’t speak highly enough of BGF.  Their support for the business over the past two years enabled us to grow strongly and make two acquisitions.  At every stage BGF were supportive and enthusiastic for our plans and I particularly want to acknowledge the generous manner in which they encouraged us to explore this opportunity with Orpea.”

BGF began working with Brindley Healthcare in 2018 and announced its investment in the company at the start of January 2019.  BGF invested €10 million at that time which was used to finance a number of strategic acquisitions and expand the management team.  With BGF’s support, Brindley grew from a network of 8 nursing homes with 400 beds to its current position of 10 nursing homes with a total of 600 beds.

Over the past two years, BGF has made four further investments in businesses in the Republic of Ireland since the investment in Brindley Healthcare.