£50m boost for care homes group

Apache Capital Partners, with offices in London and Bahrain, provided the funding as part of its growing social infrastructure investment programme.

Mr Burgan, a pharmacist, established the company in 1996 and named it after his grandmother. He said: “We are delighted to announce this funding partnership and are very excited about the development opportunities it brings.” He said the MMCG brand is synonymous with high standards of care and the deal allows them to grow its presence in the UK.

The company owns 57 per cent of its portfolio and Mr Burgan said they intended to maintain the ratio by funding future projects using traditional methods. Richard Jackson, founder and partner at Apache Capital Partners, said it marked a significant development in its social infrastructure programme.