Pinsent Masons advises on £35 million private placement funding for The ExtraCare Charitable Trust

21 Jul 2016 | 10:07 am | 1 min. read

International law firm Pinsent Masons has advised The ExtraCare Charitable Trust on a £35 million private placement funding from BAE Pensions to sit alongside it's existing £120 million bilateral and syndicated financing provided by Lloyds Bank plc.

The funding will enable The ExtraCare Charitable Trust to strengthen its existing funding solution to allow for the expansion of its retirement village portfolio. The Charity provides a modern affordable alternative to nursing homes and care homes, currently supporting over 4,000 people in 17 housing schemes and 14 villages, in and around the Coventry area.

The ExtraCare Charitable Trust was represented by a multidiscipline Pinsent Masons team across banking and property, led by Partner Edward Sunderland, alongside Victoria Baker, Jennifer Rawlins, Tom Denslow, Tom Eastwood and Jenny Walker.

Commenting on the deal Edward Sunderland said:

"It's been a real pleasure to see this project come to life and to have played an important role in being able to support a key local business in the growing retirement villages sector.  In structuring a holistic financing solution, we have helped to ensure that the Charity is positioned in the best possible way to help it to achieve it's mid to long-term growth strategy."

Chris Skelton, Finance Director of The ExtraCare Charitable Trust, stated that:

"We are delighted to have finalised the new funding package from Lloyds Bank and BAe Pensions. It brings certainty to our future plans and will allow us to progress our ambitious development plans and improve the lives of many more older people. We are very grateful for the professional support we received from Pinsent Mason throughout the process, without which the deal would not have been possible."

Latest press releases

Show me all press releases

Pinsent Masons hires real estate partner in the Middle East

Multinational law firm Pinsent Masons has hired real estate partner, Louisa Lynch, in Dubai.

Pinsent Masons appoints Andy Wright as new pensions partner in Leeds

Multinational law firm Pinsent Masons has hired pensions partner Andy Wright into its Leeds office, taking the size of its pension team to 64.

Pinsent Masons advises jewellery brand Monica Vinader on Bridgepoint Development Capital’s strategic investment

Multinational law firm Pinsent Masons has advised renowned affordable luxury jewellery brand Monica Vinader on the latest strategic investment from Bridgepoint Development Capital IV, a fund focused on investing in mid-market growth businesses.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons appoints Andy Wright as new pensions partner in Leeds

Multinational law firm Pinsent Masons has hired pensions partner Andy Wright into its Leeds office, taking the size of its pension team to 64.

Pinsent Masons hires Public Law Partner in Spain

Multinational law firm Pinsent Masons has appointed Amaia Rivas Kortazar to lead its Public Law practice in its Madrid office.

Pinsent Masons advises abrdn on the £140 million sale of its Discretionary Fund Management business

Multinational law firm Pinsent Masons has advised global investment company, abrdn, on the agreement to sell its discretionary fund management (DFM) business, abrdn Capital, to LGT.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts

We are processing your request. \n Thank you for your patience. An error occurred. This could be due to inactivity on the page - please try again.