Rynda and Octopus’ £200 Million Acquisition of Care Home Assets from Hamberley

In UK Travers Smith, advised on the matter.

Travers Smith advised Hamberley with a team including Jon Reddington (Corporate M&A), Simon Rutman (Picture – Real Estate).

Hamberley (backed by Patron Capital) sold over £200m of care home assets to Rynda Healthcare (Rynda) and Octopus Real Estate (Octopus).

The disposal to Rynda comprised five care homes, including two new care homes which, as part of the transaction, will be developed by Hamberley with funding from Rynda.

The disposal to Octopus comprised six care homes, including a state-of-the-art neurological rehabilitation centre in Worcester and four new care home sites which will be developed by Hamberley with funding from Octopus.

Hamberley will continue to operate the care homes under a sale and leaseback structure.

Head of Real Estate Simon Rutman (Picture) and Corporate Partner Jon Reddington led a cross-departmental team assisted by Senior Associate Emma Sykes and Associates Sophie Gayle-Farlow and Jess Francis. Tax advice was provided by Senior Counsel Jonathan Woodall and Associate Lewis Currie.

Involved fees earner: Lewis Currie – Travers Smith; Jessica Francis – Travers Smith; Sophie Gayle-Farlow – Travers Smith; Jon Reddington – Travers Smith; Simon Rutman – Travers Smith; Emma Sykes – Travers Smith; Jonathan Woodall – Travers Smith;

Law Firms: Travers Smith;

Clients: Hamberley;

Author: Giulia Di Palma