Caretech Holdings

finnCap have advised CareTech Holdings PLC (AIM: CTH), a leading UK provider of specialist social care services, on their £39m fundraising.

Farouq Sheikh, CareTech’s Executive Chairman, said:

“Our track record of acquisitions and our commitment to providing the highest standards of care mean that we are well placed to accelerate the consolidation of the fragmented market in which we operate. We have already identified a number of acquisition opportunities and it is our intention to use the proceeds of the Placing to fund our acquisition pipeline and to support organic growth initiatives with the objective of delivering double digit growth in underlying earnings.”