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Macdonald Henderson Advises on £4.5m Funding Boost for Inspire Scotland - 2nd December 2020 - Click for larger version Macdonald Henderson Advises on £4.5m Funding Boost for Inspire Scotland - 2nd December 2020

Macdonald Henderson are pleased to have advised Inspire Scotland, the Glasgow-based residential childcare group, on a £4.5m refinancing and growth package.

Inspire Scotland has agreed £4.5 million in refinance and growth funding with ThinCats, the alternative lender to mid-sized businesses. Edinburgh-based North Commercial Finance – part of Synergy Commercial Finance – introduced ThinCats as funding partner.

Established in 2012 by a group of professionals with experience in residential school care, foster care, criminal justice, inspection and regulation, Inspire champions a “modern, empathetic and grounded approach to residential care”.

It provides a range of services to children and young people who have suffered trauma, abuse and mental health issues and is partnered with all 32 Scottish local authorities.

The funding was secured to finance the acquisitions of five further homes to complement the existing portfolio.

The refinance follows Macdonald Henderson instruction on the acquisition by Inspire Scotland of Gladstone Care earlier this year (2020).

MH team was led by Fraser Morrison (corporate and banking) and Stacy Campbell (property).

Michael Doolin, managing director of Inspire Scotland, said:

“We are very proud of the service that we provide to our children and young people; our team is incredibly experienced, and we work together as a community with our shared vision ‘to be the best we can be’. This new funding further supports our strategy and will enable Inspire Scotland to reach even more children and young people who may need care and support at this time in their lives.”

About Macdonald Henderson, Mr Doolin commented:

“We have once again chosen to partner with Macdonald Henderson on this transaction having worked earlier in the year on the Gladstone Care acquisition with them and were delighted with the service we received.

We have worked closely and extensively on this transaction and were advised greatly throughout the process again by the team at Macdonald Henderson and I am delighted with the service which was provided to us as a group and with such a positive outcome”.

We are pleased to have advised the group on this transaction and wish the parties and stakeholders in the expanded group, every success in the future in caring for children and young people.

Last updated: 12.38pm, Wednesday 2nd December 2020

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